Agilitas Energy expands in the Northeast acquiring New England Battery Storage
Agilitas Energy has acquired Boston-based New England Battery Storage (NEBS), a private energy storage developer focused on utility-scale battery storage. The acquisition includes two operational ISO-New England merchant battery energy storage systems and one front-of-the-meter battery energy storage system in Maine totaling 25 MWh.
Two projects located in the Maine Town of Madison were commissioned as the first continuous storage systems in Maine as well as being one of the first and largest systems in New England. The 4.99 MW/ 10 MWh front-of-the-meter battery energy storage system project in the Town of Rumford launched commercial operations in early June 2021. It will participate in the ISO-NE wholesale marketplace and has qualified as a capacity resource in FCA #15. These projects directly respond to Governor Mills’ initiative to boost renewable energy production in the State of Maine as battery storage systems can not only integrate with renewable energy sources to benefit the grid and reduce the need for out-of-state fossil fuels, but also create local jobs and generate substantial tax income for the townships.
This acquisition marks Agilitas Energy’s expansion into battery energy storage operations, including participating in the ISO-New England day-ahead and real-time energy markets, operating reserve markets, frequency regulation market, and the forward capacity market. One of the systems is also a peak load reducer for a municipal electric company while participating in the ISO-New England’s wholesale marketplace.
NEBS will be merged with the existing Agilitas Energy organization. Jeff Perry, CEO and President of NEBS, who has over 30 years’ experience in energy system asset management and commercial operation, will become Vice President, Asset Management at Agilitas Energy.
“Energy storage is accelerating the transition to clean energy by enabling intermittent energy sources like solar and wind to be stored until they are needed on the grid. We are excited to have the experience and expertise of the NEBS team across our entire enterprise, which is critical as we develop hundreds of megawatts of storage projects,” said Barrett Bilotta, President of Agilitas Energy.
Since 2020, Agilitas Energy has been aggressively expanding into the energy storage market through acquisition, origination and strategically pairing solar with energy storage. The Company has won the largest non-wires energy storage RFP in New York City, is developing and constructing one of the largest solar plus energy storage portfolios under the Massachusetts SMART program, developing its second generation of energy projects on Long Island, as well as developing solar / storage in Massachusetts, Rhode Island and New Jersey.
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