GlidePath Power Solutions (GlidePath) has announced that it will complete development and achieve construction readiness on one of the largest portfolios of standalone battery storage projects to date in New York State.
GlidePath is advancing the projects after receiving an incentive award from the New York State Energy Research and Development Authority (NYSERDA). GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low-carbon and renewable energy infrastructure.
The portfolio consists of four 20 MW battery storage projects located in the Lower Hudson Valley near the towns of Catskill, Highland, New Windsor, and Ulster. NYSERDA recently announced that it had selected GlidePath’s Ulster project for an award under the Market Acceleration Bridge Incentive program for energy storage. Glidepath has applied for all four projects to receive the incentive award.
GlidePath began the development of the projects in 2016 and has recently completed design, permitting, interconnection and land control for each and has begun the procurement process for key equipment.
Each of the four projects is expected to run for a minimum of 4 hours at full output. The portfolio represents at least 320 MWh of new battery storage capacity in New York. The portfolio represents a total capital investment of approximately US$120 million in the Hudson Valley. The projects are on track to begin construction later in 2020 with the first projects in the portfolio expected to be online before the end of 2021.
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