Emily Holbrook
ENGIE Storage recently unveiled a new supply and services offering for developers of in-front-of-the-meter (IFOM) solar and energy storage projects in New England and emerging markets. Comprising energy storage system design support, supply, operations, performance guarantees and payments for rights to participate in ISO-New England wholesale markets, the offering improves project economics, reduces risk and enhances bankability for solar + storage projects.
ENGIE Storage is developing similar products for other wholesale power markets. ENGIE Storage’s first contract to deliver this offering is in connection with a 19 MW/38 MWh six-site portfolio of community solar and energy storage projects in Massachusetts, which was also announced recently.
Key features of ENGIE Storage’s wholesale market participation offering include:
- Development Services: ENGIE Storage will evaluate the feasibility and economics of energy storage co-location with a solar development project, advise on storage project design and integration with solar, and contribute technical support through the permitting and interconnection process.
- Equipment Supply: ENGIE Storage will provide complete integrated energy storage systems warranted by ENGIE for 20 years.
- Operations and Maintenance: ENGIE Storage will deploy its GridSynergy software platform to operate and dispatch storage systems, and will provide ongoing maintenance and warranty service.
- Performance Guarantees: ENGIE Storage will guarantee the energy storage system’s compliance with Solar Massachusetts Renewable Target Program and Investment Tax Credit charging requirements, backed by liquidated damages for failure to perform.
- Market Participation Fees: ENGIE Storage will pay fixed-price fees to the project owner, either up-front or annually, for the rights to participate with the storage systems in wholesale electricity markets.
