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HomeEnvironmentalConnecticut's C&I Sector Sees Overwhelming Demand for Power Storage Options

Connecticut’s C&I Sector Sees Overwhelming Demand for Power Storage Options

CT Energy Storage Logo with CT Green Bank and partners
(Credit score: CT Inexperienced Financial institution)

The Connecticut Inexperienced Financial institution, Eversource, and UI, who’re co-program directors, have introduced the opening of the second C&I capability tranche for Power Storage Options (ESS). This program was accredited by the Public Utilities Regulatory Authority (PURA) and launched in 2022 to supply upfront and performance-based incentives for the set up of battery storage. As a result of overwhelming demand for vitality storage in Connecticut’s C&I sector, the 100-megawatt (MW) tranche – twice the capability of the primary tranche – will open two years forward of schedule.

Present State of the Program

Thus far, ESS has granted approval for 46.4 MW of C&I vitality storage, with a mixed vitality capability of 139.4-megawatt hours (MWh). When these battery methods are put in, interconnected, and working, they are going to improve resilience for the host clients and generate ongoing incentives for a decade by transmitting vitality to the grid on high-demand days. Because of this, this may decrease the electrical charges for all Eversource and UI ratepayers.

Growing Demand for Power Storage in Connecticut’s C&I sector

Beginning in 2022, massive vitality customers grew to become eligible for a brand new storage program as a part of Connecticut’s Equitable Fashionable Grid initiative. These incentives will significantly improve the financial feasibility of vitality storage, leading to a lower in upfront bills by as a lot as 50%.

CPower grew to become one of many first accredited options suppliers within the state’s new program to assist Eversource and United Illuminating clients obtain monetary resiliency and sustainability advantages of battery methods.

Enel X, which operates in lots of Northeastern states, gives cost-effective lithium-ion batteries coupled with superior optimization software program, DER.OS, to reinforce monetary positive aspects for organizations. By means of a mixture of decreased on-bill demand costs and integration with vitality markets, corporations can cut back their utility prices whereas collaborating in vitality applications reminiscent of demand response.

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