Which environmental protection company is doing energy storage projects

What is energy storage?

Energy storage encompasses an array of technologies that enable energy produced at one time, such as during daylight or windy hours, to be stored for later use. LPO can finance commercially ready projects across storage technologies, including flywheels, mechanical technologies, electrochemical technologies, thermal storage, and chemical storage.

Which solar projects have been awarded?

The three awarded solar projects are: Solar Nursery – 200 MW developed by D.E. Shaw Renewable Investments (DESRI) and located in Connecticut. Freedom Pine Solar – 250 MW developed by DESRI and located in Maine. Crooked Trail Solar – 68 MW developed by Verogy and located in Maine.

Where is EDPR based?

Headquartered in Houston, Texas, with 61 wind farms, 26 solar parks, and eight regional offices across North America, EDPR NA has developed more than 12,000 megawatts (MW) and operates more than 11,400 MW of onshore utility-scale renewable energy projects.

What solar projects can save you money?

This level of savings is equivalent to an estimated $0.57/month reduction for the average residential customer electricity bill. The three awarded solar projects are: Solar Nursery – 200 MW developed by D.E. Shaw Renewable Investments (DESRI) and located in Connecticut. Freedom Pine Solar – 250 MW developed by DESRI and located in Maine.

Why did deep pursue a multi-state coordinated offshore wind procurement?

DEEP pursued the multi-state coordinated offshore wind procurement and the concurrent zero carbon and storage RFPs as part of a longstanding practice of soliciting the most competitive investment options available across a broad range of clean energy technologies.

Will energy storage help maintain grid reliability?

Investment in storage resources will also help to maintain grid reliability as older, inflexible fossil fuel resources retire. The selected energy storage project is proposed to be located on an abandoned brownfield in Connecticut and will help remediate the property, bringing it back into productive use.