Biggest Energy Storage System in NYS Is Major Step Toward Clean Energy Goals. “Wholesale market revenue today may not be enough for a storage system like this to pencil out, but, like planting an orchard, it's an investment in the future,” Finn-Foley said. A drone smashed into a Con Edison power plant near the East River in Brooklyn Thursday afternoon, police sources said. 74 Power Global and Con Edison have signed a seven-year dispatch rights agreement for the development of a 100-MW energy storage project, the East River Energy Storage System in Astoria, Queens. Con Edison and business partner 174 Power Global have an agreement that will place the largest battery storage project in New York State on an industrial site in Astoria, Queens.. Watch Queue Queue. Entergy to buy Con Edison s nuclear plants Entergy Corp., continuing its strategy to buy nuclear power plants, will buy Indian Point units 1 and 2 from Consolidated Edison Inc. for $372 million. 100-MW/400-MWh system to hold enough electricity to run more than 16,000 homes for several hours during a summer heat wave. With battery storage, it's possible to capture energy that renewable resources generate but that customers do not need immediately. Con Edison’s power plant has stood there, within 50 yards of the water’s edge, for more than 90 years. Edison’s thermoelectric generation: sustainability and innovation. The new battery with 174 Global Power, by contrast, will be serving the wholesale energy, capacity and operating reserves markets of state grid operator NYISO. Large procurements like Con Edison's make it more economical for storage to enter the market. ", "The New York Power Authority is committed to moving clean energy technologies forward in support of the State's aggressive climate leadership goals and we are pleased to have a role in this project," said Gil C. Quiniones, NYPA president and CEO. Consolidated Edison Company of New York Inc. (Con Edison) completed the sale of its major New York City power plants on Friday when it transferred ownership of the 1,090-megawatt Astoria Generating Station in Astoria, Queens and the 494-megawatt Gowanus and the 271-megawatt Narrows Gas Turbine sites, both in Brooklyn, to Orion Power Holdings. In an announcement made this week, Con Edison, one of the United States’ largest investor-owned energy companies, will partner with SunPower, a world leading renewable energy company, to start a pilot program which will offer solar power systems with battery storage to more than 300 New York homeowners, that in turn will act as a “virtual power plant.” New York’s plan to close the Indian Point nuclear power plant by next year and retire its most polluting power plants by 2025 will only exacerbate this imbalance. The batteries at the East River Energy Storage System will be able to discharge 100 megawatts of electricity. Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $60 billion in assets. A 400-megawatt-hour battery from 174 Global Power will balance NYC’s energy needs with increasing offshore wind power capacity. To clarify first – there are no plans to shut it down and there are no plans to turn it into a park. But downstate New York is facing significant supply-demand imbalances that will require large-scale energy storage to manage, he noted. 174 Power Global, which specializes in renewable energy projects, will build and own the battery system off 20th Avenue near the East River on land owned by the New York Power Authority where the former Poletti power plant used to be. “The incident occurred at a Con Edison substation, which steps down high-voltage power received via the transmission system so that it can be distributed locally to homes and businesses,” a Con Edison spokesman said. Ve esta fotografía de stock de Huracán Sandy Con Edison Planta De Energía 14th Street La Ciudad De Nueva York. Full Video of the explosion below: *Update- Con Ed expects power to … 1 Source We source electricity from all over New York, whether it’s from solar, wind, or generating stations. At present, it’s not clear that these markets will offer the revenue to justify this business case, Daniel Finn-Foley, energy storage director at Wood Mackenzie, said in a Wednesday email. Select from premium Edison Power Plant of the highest quality. Con Edison said the airport switched to a backup generator during the transmission disturbance, and all power lines serving the area were in service and the system was stable. Con Edison Clean Energy Businesses, Inc. is comprised of three wholly-owned subsidiaries: Con Edison Energy, Con Edison Solutions, and Con Edison Development. "We are proud to have been selected by Con Edison for this project, and we look forward to working together to help bring clean power, as well as other regional electricity and economic benefits to the Astoria community and more broadly to the state. The 100-megawatt/400 megawatt hour East River Energy Storage System will hold enough electricity to run more than 16,000 homes for several hours during a summer heat wave. With Con Edison, you have the power to go solar, to live greener and drive cleaner. At the end of the contract, 174 Power Global will dispatch the power into the state’s bulk power transmission system. All that offshore wind will need to be connected to transmission systems in Long Island and New York City, and be balanced with a grid that will be rapidly electrifying its building heating and transportation needs now served by fossil fuels. Pay your bill, manage your account, report an outage, and learn how to save energy. Con Edison Completes Sale of Ravenswood Power Plant in Queens PDF Version The development of a competitive energy market in New York City reached an important milestone as Consolidated Edison Company of New York Inc. (Con Edison) transferred ownership of the Ravenswood Generating Station and its associated gas turbines, both in Long Island City, Queens, to KeySpan Energy. They will be discharged at times when the demand for power is high, decreasing the need for power from fossil fuel-fired plants. Newington Energy LLC, an affiliate of Consolidated Edison Development Inc., recently held a groundbreaking ceremony for its 525 MW natural-gas fired power plant in Newington, New Hampshire. "The adaptive reuse of this land for energy storage development will help realize continued growth of renewable energy and bring greater flexibility and resiliency to New York State's electric grid. © 2020 Greentech Media or its affiliated companies. Con Edison Completes Sale of Arthur Kill Power Plant in Staten Island and Astoria Gas Turbines in Queens PDF Version Consolidated Edison Company of New York Inc. (Con Edison) today transferred ownership of the 842-megawatt Arthur Kill Generating Station in the Travis section of Staten Island, and the 614-megawatt Astoria Gas Turbines in Astoria, Queens, to NRG Energy Inc. ... (NYPA) where the former Poletti power plant used to be. NEW YORK, Dec. 16, 2020 /PRNewswire/ -- Con Edison and business partner 174 Power Global have an agreement that will place the largest battery storage project in New York State on an industrial site in Astoria, Queens. Con Edison has already begun taking advantage of storage technology through several initiatives. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Providing electric, gas, and steam to NYC and Westchester. Minutes ago, a massive explosion ripped apart the Con Edison power plant. The East River Energy Storage System project involves the redevelopment of the Charles Poletti Power Plant property, the announcement says. At the end of the contract, 174 Power Global will dispatch the power into the state's bulk power transmission system. It’s the biggest utility-contracted battery in the state thus far, though independent power producer LS Power is planning to build at least 300 MW/1,200 MWh of batteries at its Ravenswood power plant in … List of largest power stations in the United States; New York energy law Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $13 … The project being built at a former power plant site in Astoria, Queens is the first bulk energy storage system to be contracted under Con Edison’s … Con Edison repair crew restores power and clears street the aftermath of severe weather as tropical storm Isaias hits New York. Entergy Corp., continuing its strategy to buy nuclear power plants, will buy Indian Point units 1 and 2 from Consolidated Edison Inc. for $372 million. "This project with 174 Power Global will help displace some fossil fuel-fired generation when the demand for power is highest. Con Edison worked with Enel X to install a 4.8-megawatt battery system – currently the largest in New York City - at the Gateway Center shopping center in Brooklyn's East New York neighborhood. Con Edison is committed to leading the transition to a clean energy future on behalf of its customers. 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