Ameresco Secures Four Battery Energy Storage Design/Build Project Contracts Totaling 379MWH with Middle River Power at California Gas Power Plants
06 Julho 2023 - 9:05AM
Business Wire
Project win continues Ameresco’s track record
of securing large Battery Energy Storage System (BESS) projects and
assets.
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced that it has secured additional large Battery Energy
Storage System (BESS) projects continuing its track record as one
of the industry’s top go-to partners for grid tied BESS
installations. These four co-located energy storage projects, to be
sited at gas power plants owned by Middle River Power (MRP), an
independent power company wholly owned by Avenue Capital, are
designed to add 379 megawatt-hours (MWHs) to the California grid.
The installation of these large-scale energy storage systems will
enhance the efficiency of MRP’s natural gas power plants, leading
to emission reduction and the provision of needed resource adequacy
capacity to the California power grid. The four energy storage
projects are in support California’s efforts to achieve the 100%
renewable energy goal by 2045.
“Energy storage is pivotal for ensuring resource adequacy and
resiliency in California,” said Britta MacIntosh, EVP and General
Manager of West and Europe Regions, Ameresco. “To better prepare
California for unforeseen disruptions to the grid, our team will
work in concert with Middle River Power to fully integrate
emission-reducing battery energy storage technology into four of
its California-based gas power plants to ensure we meet
California’s clean energy goals.”
MRP currently operates ten natural gas fired power plants across
the country, eight of which are based in California. The
organization has twelve additional projects in active development
and has completed two development projects in California that
include a utility grid-scale solar plus storage project and
standalone storage project co-located with a geothermal
facility.
“We’re thrilled to work with Ameresco to bring these innovative
projects to fruition, integrating additional renewable energy while
enhancing a resilient grid. The energy storage assets allow for the
shifting of solar energy from the middle of the day to supply the
grid during evening peak hours, while maintaining our natural gas
facilities as a flexible, reliable backstop,” said Mark Kubow, CEO
of Middle River Power. “We are excited to introduce our first
tranche of projects that takes such a meaningful step in helping
California in the transition to more renewable resources.”
The work is expected to kick off in Summer 2023 and reach
completion in Q3 of 2024.
To learn more about the energy efficiency solutions offered by
Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading
cleantech integrator and renewable energy asset developer, owner
and operator. Our comprehensive portfolio includes energy
efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions delivered to clients throughout North
America and Europe. Ameresco’s sustainability services in support
of clients’ pursuit of Net Zero include upgrades to a facility’s
energy infrastructure and the development, construction, and
operation of distributed energy resources. Ameresco has
successfully completed energy saving, environmentally responsible
projects with Federal, state and local governments, healthcare and
educational institutions, housing authorities, and commercial and
industrial customers. With its corporate headquarters in
Framingham, MA, Ameresco has more than 1,300 employees providing
local expertise in the United States, Canada, and Europe. For more
information, visit www.ameresco.com.
About Middle River Power
As part of its initiatives in the power sector, Avenue Capital
(“Avenue”) established Middle River Power, LLC (“MRP”) as a
wholly-owned independent power company in 2016 to operate, manage
and develop the more than 3,000 MW of generation assets that Avenue
has acquired and developed through its managed investment funds.
Based in Chicago, MRP is led by a team of professionals in the
power sector with extensive experience in managing, developing and
optimizing power assets in the US. With a dedicated development
team, MRP has been able to lead the commercial development and
execution of utility grid-scale solar plus storage and standalone
storage development assets in California.
The announcement of a customer’s entry into a project contract
is not necessarily indicative of the timing or amount of revenue
from such contract, of the company’s overall revenue for any
particular period or of trends in the company’s overall total
project backlog. This project was included in our previously
reported awarded backlog as of March 31, 2023.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230706027277/en/
Media: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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