NEWS

The first-in-kind energy storage deployment will lower utility costs by approximately $200 million, while improving resilience and sustainability at community and state levels

Michael Herbert speaks with Latitude Media to talk about the  first-of-a-kind program announced this morning, energy storage company Lightshift Energy will deploy a fleet of grid-scale battery systems across at least nine Massachusetts utilities. 

Leveraging nearly two decades of experience at Invenergy, E.ON and PricewaterhouseCoopers, Greskowiak brings valuable customer origination, strategic market development and analytical experience to Lightshift.

Lightshift Energy announced capital infusions totaling $100M from Greenbacker Capital Management LLC.

Scheduled to be operational in 2024, the 3-megawatt/9-megawatt-hour energy storage facility “is designed to shield PMLD customers from escalating capacity and transmission costs that are a major contributor to rising electricity rates.”

Delorean Power co-founder and managing partner Rory Jones claimed the projects will “deliver major financial savings to the community of Groton in the range of ten million dollars” over their lifetime.

Delorean and Groton Electric Light Department to develop two energy storage assets set to deliver cost savings to ratepayers, including an innovative resilience project that will provide sustainable backup power to an elementary school.

Holden is where Virginia-based Delorean Power LLC is building its first battery storage unit in Massachusetts. The goal is big reductions in electricity bills for Holden residents and businesses while delivering more energy efficient power that benefits the environment.