Agilitas Energy acquires New England energy storage project developer
Renewable Energy Developer agility Energy announced it has acquired Boston-based New England Battery Storage (NEBS), a private energy storage developer focused on utility-scale battery-based projects. The acquisition includes two operational ISO New England merchant marine energy storage systems and one front-of-the-meter battery system in Maine totaling 25 MWh.
In Maine, two projects in the city of Madison were commissioned as the first continuous storage systems in Maine and as one of the first and largest systems in New England. The project in the city of Rumford, a battery of 4.99 MW and 10 MWh for the meter, was launched commercially this week. It will participate in the ISO-NE wholesale market and is qualified as a capacity resource in FCA #15.
This acquisition marks Agilitas Energy’s expansion into energy storage businesses, including participation in the ISO-New England day-ahead and real-time energy markets, operational reserve markets, frequency control market and the forward capacity market. One of the systems is also a peak load reducer for a municipal utility while participating in the ISO New England wholesale market.
NEBS will be merged with the existing Agilitas Energy organization. Jeff Perry, CEO and President of NEBS, will become Vice President, Asset Management at Agilitas Energy. “Agilitas Energy is clearly emerging as a market leader and we are excited to join them. The NEBS team brings to Agilitas Energy proven energy storage operational experience plus market leadership in Maine as they continue to build out their platform of solar and energy storage locations in the Northeast,” said Jeff. The acquisition makes Agilitas Energy the largest integrated developer/operator of solar energy and storage in the northeast.
“Energy storage accelerates the transition to clean energy by storing intermittent energy sources such as solar and wind until they are needed on the grid. We are excited about the experience and expertise of the NEBS team across our enterprise, which is critical in developing hundreds of megawatts of storage projects,” said Barrett Bilotta, President of Agilitas Energy.
News item from Agilitas