(Photo Credit: GlidePath)GlidePath Power Solutions, an energy storage developer, announced that it will complete development and achieve construction readiness this year on the Lower Hudson Valley Energy Storage, 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. New York currently has only 62.2 MW of battery storage facilities in operation statewide. GlidePath’s 80 MW portfolio represents more than double the state’s current storage capacity. 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 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 four hours at full output. The portfolio represents at least 320 MWhs of new battery storage capacity in New York.
The battery storage portfolio’s flexible capacity will provide peaking power and ancillary services to balance the peaks and valleys in New York’s power supply — creating a cleaner, more efficient and lower-cost alternative to the fossil fuel plants that presently provide these functions. The projects will also contribute to Governor Andrew M. Cuomo’s nation-leading target of 3,000 megawatts of battery storage by 2030 and achieving 100% carbon-free electricity supply by 2040.
The portfolio represents a total capital investment of approximately $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.
