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ED Consolidated Edison Inc

94.19
0.22 (0.23%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Consolidated Edison Inc NYSE:ED NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.22 0.23% 94.19 94.86 92.78 93.31 3,731,977 23:28:00

Battery Project Enhances Reliability To Con Edison Customers On City Island

12/04/2021 6:43pm

PR Newswire (US)


Consolidated Edison (NYSE:ED)
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NEW YORK, April 12, 2021 /PRNewswire/ -- Con Edison is bringing energy storage technology to City Island in the Bronx to improve reliability.

Con Edison and GI Energy have installed a 1-megawatt/1 megawatt hour battery system on City Island in the Bronx. It is the second storage system the partners have installed under a demonstration project.

The battery system on a customer property at 220 City Island Avenue can provide 1 megawatt – or a million watts – to customers along the business strip. That will take stress off the Con Edison grid on hot summer days when electrical usage soars.

"Battery technology can help us accomplish several goals on behalf of our customers," said Santee Hernandez, Con Edison's project manager. "Power discharged from a battery when our customers need it the most means less demand on our electric-delivery equipment. And deploying batteries is another way we are leading the transition to a clean energy future."

It is the second lithium-ion battery system Con Edison and its partner GI Energy have placed at a customer property in New York City under a demonstration project. The first went into service early last year on the North Shore of Staten Island. An agreement guarantees Con Edison the right to discharge the batteries to provide power to its customers as needed.

Under the demonstration project, GI Energy and Con Edison are able to choose customer locations where Con Edison's analysis shows the electrical grid needs support. When Con Edison is not using the energy storage unit for grid support, GI Energy plans to dispatch power from the system into the wholesale market.  

The project underwent an extensive safety review by the Fire Department of New York and the city Department of Buildings.

Battery storage will take on greater importance as the state increases the amount of renewable energy lighting homes and businesses, running vehicles and providing heating and cooling. That renewable energy will include 9,000 megawatts of offshore wind power.

Batteries can let energy companies to store power generated by clean renewables and have that energy on hand for times the wind isn't blowing and the sun isn't shining.

Con Edison and a partner, 174 Power Global, recently announced a mammoth 100-megawatt/400-megawatt hour battery at the site of a former fossil fuel plant near the East River in Astoria, Queens.

The company also has a 2-megawatt storage system in Ozone Park, Queens.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $63 billion in assets. The utility delivers electricity, natural gas and steam to 3.5 million customers in New York City and Westchester County, N.Y.

GI Energy delivers reliable, resilient, clean and cost-effective on-site energy infrastructure solutions across the US via a wide range of technologies. Services include finance, design and construction. By integrating solutions into clients' operations, GIE is enabling the future of sustainable distributed energy.

 

Con Edison's 1-megawatt/1 megawatt hour system on the North Shore of Staten Island. This was the first system the company and GI Energy installed under a demonstration project.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/battery-project-enhances-reliability-to-con-edison-customers-on-city-island-301266952.html

SOURCE Con Edison

Copyright 2021 PR Newswire

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