GI Energy has been selected by Con Edison, the utility that serves New York City and Westchester County, NY, to participate in an energy storage demonstration project. They are partnering with Smarter Grid Solutions, who will provide an Active Network Management (ANM) control solution. GI Energy will install four 1 MWh/1 MW lithium-ion batteries manufactured by NEC Energy Solutions, and one Urban Electric Power provided 400 kWh/200 kW zinc-manganese dioxide battery, on the properties of Con Edison customers. These customers will receive lease payments. The batteries will be located in ‘front-of-the-meter’ (FTM), and the host customers’ electric bills will not be affected.
The innovative business model gives Con Edison priority dispatch rights to the batteries during times of high demand for electricity, helping the company maintain its reliable service. When Con Edison does not need the stored power, GI Energy will dispatch the batteries, maximizing secondary revenue streams, including taking advantage of upcoming changes in New York Independent System Operator (NYISO) regulations that will allow batteries to participate in more markets.
GI Energy will work with financing partners to fund the battery purchases. Con Edison will pay a fixed quarterly fee for its priority dispatch rights. The model is scalable both within Con Edison’s service area, and in other utility and ISO territories.
The project is consistent with New York State’s Reforming the Energy Vision (REV) initiative, which is changing the way energy is generated and consumed.
Smarter Grid Solutions’ leading control and automation platform, ANM Strata, will manage the batteries. The batteries will be used in the provision of services to Con Edison and in the wholesale market operated by NYISO.
“Our demonstration project will explore the benefits of ‘front-of-the-meter’ energy storage at customer sites can produce for the hosts, our customers and the grid,” said Matthew Ketschke, Con Edison’s Vice President, Distributed Resource Integration. “It is another of our programs to support the Reforming the Energy Vision initiative and lead the transformation to a cleaner energy future with new products, services and choices for customers.”
Tom Chadwick, CEO of GI Energy, remarked, “Our approach to battery storage is set to create a scalable model for utilities to circumvent huge capex costs associated with new substation investment. As such this is game-changing for the industry and is made possible by falling equipment costs and this innovative approach. We are excited to be working with such high caliber partners on this project.”
Emily Wheeler, Smarter Grid Solutions’ VP of Operations, said, “Smarter Grid Solutions is delighted to be contributing to the progress of REV in this exciting project with GIE and Con Edison. Our ANM Strata platform is an innovative foundational technology for grid modernization, enabling storage and other DER to interconnect and access markets. We look forward to working with our partners to deliver this innovative project.”
GI Energy is the leading provider of on-site energy and microgrid solutions in North America.
Using world-class engineering and outstanding execution, GI Energy specializes distributed energy resources (DER) development, financing, construction and advisory services. The company helps customers, including utility companies, real estate developers and commercial building owners leverage state-of-the-art technologies to hedge against high/volatile energy prices, improve energy reliability and reduce environmental impacts and greenhouse gas emissions, increasing the value of the underlying real estate assets and company value.
GI Energy is headquartered in Chicago and has offices in New York, Los Angeles and San Francisco.
Smarter Grid Solutions is the leading vendor of DER integration interconnection and control solutions, developing and delivering software products and technology solutions that help electricity distribution utilities to manage grid congestion, interconnection hosting capacity and DER integration. The company specializes in Active Network Management, which uses software, automation and control to monitor the electricity grid in real time. This allows power companies to operate electricity grids closer to their operating limits, without compromising safety and security.
It services customers worldwide. Its North American headquarters are in New York, with offices in London and Glasgow. Investors include Scottish Equity Partners, the Scottish Investment Bank and the University of Strathclyde.
Thomas Chadwick, CEO
Tel +1 312 894 4646
Dr Bob Currie, Chief Technology Officer and Co-Founder
Tel +1 718-260-3603