Half Moon Ventures has awarded the energy storage company S&C Electric Company the contract for a 7 megawatt (MW) and 3 megawatt-hour (MWh) energy storage facility to be developed in Minster, Ohio, according to recent reports.
The new facility will be developed in concert with the local municipal utility, the Village of Minster. After completion, the facility will represent one of the biggest energy storage systems in the whole of Ohio.
Half Moon Ventures and the Village of Minster will have access to 4 different revenue streams via the facility. Half Moon Ventures “will be able to sell into PJM’s frequency regulation market, which helps to provide grid reliability for more than 60 million customers; the Village of Minster will use the energy storage system to defer T&D costs; improve power quality; and shave peak demand.”
“Revenue stacking is one of the quickest ways to create a strong return on investment for energy storage systems,” stated Troy Miller, director of Grid Solutions at S&C Electric Company. “In the case of the Minster project, we are seeing one of the first examples of how a municipal utility can work with a developer to create multiple revenue streams that benefit both parties, and we expect to see more projects like this in the future.”
“With the new system, we are able to improve reliability and capacity while leveraging renewable energy sources without costly investments into grid expansion,” stated Michael Hastings, CEO of Half Moon Ventures. “S&C helped us prove that multiple revenue streams in energy storage deployments can help solve our customer’s financial and operational needs.”
Here are some further details via a press statement:
Half moon Ventures (HMV) will use S&C’s 7-MW PureWave SMS Storage Management System, providing fully integrated storage management and power conversion for 3 MWh of lithium ion-batteries. The system will help Minster better manage energy demand during peak periods and provide reliable back-up power, while deferring the acquisition of costly reactive power compensation equipment. The system will also be tied to HMV’s adjacent 4.2-MW solar plant, allowing Minster to further reduce their peak demand charges in the middle of the day. Once complete, the solar + storage system will be the largest US facility of its kind connected through a municipal utility.
S&C Electric Company will be handling all of the engineering, procurement, and construction, facets of the project.
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