Bay State Wind has entered into a Letter of Intent to work collaboratively with Massachusetts-based NEC Energy Solutions on developing an energy storage solution for its 800MW wind / 55 MW – 110 MWh energy storage combined project offshore Massachusetts, US.
According to Bay State Wind, NEC’s expertise in developing flexible battery storage solutions will further the efforts to help the region in overcoming winter reliability challenges by delivering energy when needed most and help to reduce winter peak energy prices and price volatility.
It is estimated that the annual winter price reduction would be approximately USD 158 million per year and will enhance grid stability by shifting energy delivery to meet demand profile.
The two companies will also accelerate the development of early commercial integration of storage technologies into the electricity supply chain and capitalize on storage technology’s benefits to clean energy integration, grid reliability, system-wide efficiency, and system peak demand reduction, Bay State Wind said.
These efforts are expected to further establish Massachusetts’ south coast as a leading steward of environmental sustainability by becoming home to the first US commercial-scale offshore wind farm and the largest battery storage pairing system in the world.
“We could not be more thrilled to work with a Massachusetts company that is a global leader in battery storage technology and products,” said Thomas Brostrøm , President of Ørsted North America.
“NEC Energy Solutions is widely recognized as a pioneer and leader in the market for utility scale energy storage, and their ability to recruit talent from the local workforce will help not only Bay State Wind, but it will help solidify Massachusetts as a global leader in the green energy revolution.”
Bay State Wind, a partnership between Ørsted and Eversource, is one of three companies to submit a bid in response to the commonwealth’s first Request for Proposals (RFP) for offshore wind energy generation.
The project has recently been designated as a covered project under Title 41 of the Fixing America’s Surface Transportation Act (FAST-41), making it the first and only offshore wind project, and one of only 38 infrastructure projects nationally, to receive the FAST-41 status.