This is one of the first megawatt-scale BESS projects to be completed and fully approved through New York City's updated permitting process for battery energy storage.
The project will leverage incentives from the New York State Energy Research and Development Authority (NYSERDA) to provide electricity to the grid under the Value of Distributed Energy Resources (VDER) stack arrangement. Already operational, the project is currently dispatching electricity to the grid to manage heightened seasonal peaks in demand. The project features 4 Tesla MegaPacks, with a total size of 4.29 MW/8.58 MWh. The construction-to-operation timeline was achieved in record time, 171 working days.
“This project represents Catalyze's commitment to innovation, further expanding our expertise in BESS technology” said Jared Haines, CEO of Catalyze. “New York will require a host of renewable energy solutions to meet its ambitious climate goals, and we are proud to continue working with local officials to deploy renewable energy projects across the state.”
The project aligns with New York's goal of installing six gigawatts of energy storage by 2030, and New York City's goal of reducing GHG emissions by over 80 percent by 2050. The project also builds on Catalyze's growing presence in New York. Catalyze recently secured $100 million in financing from NY Green Bank and announced two projects in the state reaching operation in the past year, in Lancaster and Amherst.
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