Ameresco-owned asset installation of a
50-megawatt battery energy storage system to boost Silicon Valley
Power’s system reliability
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, has
announced that it will construct a battery energy storage system
(BESS) of up to 50-megawatts (MW) to provide Silicon Valley Power
(SVP) additional local area capacity for electrical system
reliability and flexibility. The BESS, named Kifer Energy Storage
LLC, will be installed adjacent to the existing Kifer Receiving
Station within SVP’s service territory.
The Ameresco owned asset, which is scheduled to begin
construction in mid-2024, will mark the beginning of a 25-year
lease and Energy Storage Agreement with the City of Santa Clara.
Ameresco will develop, own, and operate the BESS, while SVP will
supply the charging energy. With a maximum energy capacity of up to
200 megawatt-hours (MWh), the BESS will efficiently acquire surplus
renewable electricity and provide a clean and reliable resource to
integrate renewables, decrease reliance on gas-fired generation,
and mitigate greenhouse gas (GHG) and criteria air pollutant
emissions.
“We’re thrilled to announce our partnership with Silicon Valley
Power to bring this state-of-the-art battery energy storage system
to life,” said Britta MacIntosh, Executive Vice President and
General Manager, West Region. “This asset installation really is a
game-changer, not just for enhancing SVP's system reliability, but
also for advancing and integrating the renewable energy sources of
the future. We’re proud to be helping Silicon Valley Power make
significant strides towards a cleaner and more sustainable
future.”
"We are excited to be teaming up with Ameresco to bring this
innovative energy storage system to our community,” said Manuel
Pineda, Chief Electric Utility Officer of Silicon Valley Power.
“With the installation of this new battery storage system, we are
committed to providing reliable and flexible power solutions for
our customers embracing renewable energy integration. This project
is perfectly aligned with our mission to deliver affordable,
sustainable, and environmentally friendly energy options. Together,
we hope to help lead the way towards a greener Silicon Valley."
“This 50-megawatt battery energy storage system represents a
significant step towards enhancing Silicon Valley Power's system
reliability,” said Jovan Grogan, Santa Clara City Manager and
Silicon Valley Power CEO. “Together with Ameresco, we are paving
the way for a more resilient and sustainable energy future for our
city."
Additionally, the batteries at the facility will participate in
the California ISO markets, assist in balancing generation and
consumption, reducing congestion and regulating voltage and
frequency. Ameresco and SVP aim for the BESS to be fully
operational by the fourth quarter of 2025.
To learn more about Ameresco and the company’s clean energy
solutions, visit www.ameresco.com. To learn more about Silicon
Valley power, visit www.siliconvalleypower.com.
About the City of Santa Clara Located at the heart of
Silicon Valley, about 45 miles south of San Francisco, the City of
Santa Clara truly is “The Center of What’s Possible.” Incorporated
in 1852, Santa Clara covers an area of 18.4 square miles with a
population of 129,498. Santa Clara is home to an extraordinary
array of high-tech companies, including Applied Materials, Intel,
Nvidia, Oracle, and Ericsson. The City of Santa Clara is also home
to Santa Clara University, California’s Great America Theme Park,
and Levi’s® Stadium, home of the San Francisco 49ers and Super Bowl
50. For more information, visit SantaClaraCA.gov.
About Silicon Valley Power Silicon Valley Power (SVP) is
the trademark adopted for use by the not-for-profit electric
municipal utility of Santa Clara, CA, serving residents and
businesses for over 125 years. SVP provides power to nearly 55,000
customers at rates 35 to 56 percent below neighboring communities.
SVP is the only full-service, vertically integrated publicly owned
utility in Silicon Valley owning generation, transmission and
distribution assets. Visit SiliconValleyPower.com for more.
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 solutions that help customers decarbonize to net zero and
build energy resiliency while leveraging smart, connected
technologies. From implementing energy efficiency and
infrastructure upgrades to developing, constructing, and operating
distributed energy resources – we are a trusted sustainability
partner. 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 North America and
Europe. For more information, visit www.ameresco.com.
The announcement of the development of a battery energy storage
asset by Ameresco is not necessarily indicative of the timing or
amount of revenue from such asset, of the company’s overall revenue
for any particular period or of trends in the company’s overall
total assets in development or operation. This project was included
in our previously reported assets in development as of September
30, 2023.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231120070271/en/
Media:
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
Silicon Valley Power: Kathleen Hughes, Assistant Director,
408-615-6632 or KHughes@SantaClaraCA.gov Michelle Templeton, Acting
Director of Communications, 408-615-2290 or
MTempleton@SantaClaraCA.gov
Ameresco (NYSE:AMRC)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Ameresco (NYSE:AMRC)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024