Endurant Energy Acquires New York City Battery Energy Storage Systems.
MANews-(C)2009-2022
US-based distributed energy resources developer and owner Endurant Energy has completed the acquisition of the battery energy storage systems that Endurant developed for Con Edison's Demonstration Project across New York City, the company said.
Endurant Energy has been developing, permitting, and constructing the energy storage systems for Shell New Energies, and has now acquired from Shell (NYSE: RDS.A) the ownership rights of up to four systems positioning Endurant as a battery owner and operator.
Endurant (formerly GI Energy) is a pioneer in the nation-leading New York energy storage market as the creator of a business model that drives the integration of energy storage systems into the city's grid, and one of the few experts in the country at building these systems.
Two of the 1-megawatt/1-megawatt hour lithium-ion battery systems for Con Edison are already operational on City Island in the Bronx and at Caddell Dry Dock on Staten Island, with a third site in Woodside, Queens undergoing commissioning and a fourth in the development stage.
The storage systems help with reliability and modernizing the energy grid. This is particularly helpful on hot summer days when the demand for power is highest.
Under Con Edison's demonstration project, Endurant and Con Edison chose customer locations where Con Edison's analysis showed battery storage would help keep its service reliable.
Endurant plans to dispatch the units into the wholesale market when Con Edison is not using them for grid support.
This is possible due to changes made by NYISO, which incorporated 'Dual Participation' into their...
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