Massachusetts’ Holyoke Gas & Electric adding utility-scale battery system via Convergent Energy + Power
Massachusetts’ municipally-owned utility company Holyoke Gas & Electric (HG&E) will be adding a battery storage system to stabilize costs and insulate against rising energy prices. The battery storage system, an AI-powered 5 MW/15 MWh unit from Convergent Energy + Power, is projected to come online in Holyoke, MA in 2023.
Convergent will own and operate the battery, which will be managed by its PEAK IQ software. Convergent’s battery storage system for HG&E will dispatch at strategic times, storing energy when it is cheapest and cleanest and discharging energy to displace the most expensive and carbon-intensive periods.
“HG&E is constantly seeking sustainable and innovative energy solutions that will help keep rates stable for our customer base,” says Jim Lavelle, HG&E’s Manager. “We are excited to add another energy storage system to HG&E’s portfolio, in partnership with Convergent Energy + Power.”
Convergent has over a decade of expertise in financing, owning, and operating energy storage assets, both for commercial/industrial and utility customers, and is one of the original players in the energy storage sector. The company has over $400M invested in projects in operation or allocated to projects under development across North America.
“By building energy storage in local communities, we can insulate them against rising energy costs as well as increase renewable energy effectiveness across the grid,” says Johannes Rittershausen, CEO, Convergent Energy + Power. “We are proud to partner with HG&E, which has shown a deep, ongoing commitment to its community and continues to set a positive example for its peers by deploying innovative solutions.”
Convergent’s energy storage system will be the third battery storage project for HG&E.
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