NEWS

Dynamic energy storage project will mitigate peak system demand and provide at least $10 million in cost savings to Holden Municipal Light Department customers.

The commission approved recommending the 29-megawatt battery storage facility during its May 18 meeting. The facility, which would be located in the Langley Research & Development Park, stores electrical power in large lithium-ion battery cells.

The budgets for each house range from $115,000 to $125,000, and funding came by anonymous donors, The West Piedmont Planning District Commission, St. Luke’s The Community Foundation of the Dan River Region, Delorean Power and the PRA Group for the first four houses.

State and local officials gathered Tuesday to hold a ribbon cutting for Danville Utilities’ new battery energy storage system, which was recently energized. The pilot project is one of several initiatives that Danville Utilities has undertaken to offset some of the volatility of the energy market.

The growth investment from Greenbacker, a leader in sustainable infrastructure investment, will allow Delorean to further scale its platform while continuing to execute and expand on its existing pipeline of energy storage projects.