World’s 1st Intelligent Energy-Storage-Powered High Rise Unveiled at Barclay Tower

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Manhattan’s first battery-based, intelligent energy storage system was unveiled by Glenwood Management in New York City recently.

The system will “provide 225 kilowatts (kW) of power with 2 megawatt hours (MWh) of stored energy capacity to a New York City high rise. The Joule.System designed by Demand Energy Networks, Inc. is located at Glenwood’s flagship property, Barclay Tower, a 58-story luxury residential high rise located at 10 Barclay Street near the new World Trade Center, New York.”

The installation of this new system is relevant because it could greatly alter the way electricity is delivered, potentially bringing “a new design architecture for city electrical grids, allowing them to become smarter, more adaptable, and operate more efficiently.”

‘Intelligent energy storage’ is a newly emerging technology that allows electricity end-users to coordinate with the grid, allowing increased energy reliability and “managing cost volatility in New York’s incentive electricity rate structures (the day ahead market),” a news release on the innovation notes.

“The system stores energy during off-peak periods when rates are low, and then releases the energy during peak periods when prices can be very high. It works as a physical hedge against volatility risk during periods of high demand, effectively capping costs by using energy from storage at times when rates have the potential to skyrocket.”

Source: PRNewswire
Image Credit: Barclay Tower by 
Mark Frank and Chloe Carli (Creative Commons Attribution-Share Alike 3.0 Unported license)

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James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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