Bay State Wind Finds Partner for Battery Storage of Offshore Wind Energy
BOSTON — Bay State Wind, the 50-50 partnership between Ørsted, the global leader in offshore wind, and Eversource, New England's premiere transmission builder, today announced that it has entered into a Letter of Intent to work collaboratively with Massachusetts-based NEC Energy Solutions, to develop an energy storage solution for its 800MW wind/55MW-110MWh energy storage combined project.
The Bay State Wind project will represent the world's largest wind-paired energy storage system for commercial-scale energy, which will be located in the SouthCoast region of Massachusetts.
This collaborative effort furthers Bay State Wind's commitment to supporting and promoting energy storage in Massachusetts. Dedicated to growing Massachusetts as a leader in renewable energy, and working to strengthen the supply chain throughout the state, this collaboration will generate jobs in the quickly-growing, high-demand fields of renewable energy and energy storage.
"We could not be more thrilled to work with a Massachusetts company that is a global leader in battery storage technology and products," said Thomas Brostrøm, President of Ørsted North America. "NEC Energy Solutions is widely recognized as a pioneer and leader in the market for utility scale energy storage, and their ability to recruit talent from the local workforce will help not only Bay State Wind, but it will help solidify Massachusetts as a global leader in the green energy revolution."
NEC Energy Solutions' expertise in developing flexible battery storage solutions will further Bay State Wind's efforts to help the region in overcoming winter reliability challenges, by delivering energy when it is needed most, and help to reduce winter peak energy prices and price volatility. It is estimated that the annual winter price reduction would be approximately $158 million per year, and will enhance grid stability by shifting energy delivery to meet demand profile.
"The development of a robust battery storage system is going to help Massachusetts become a leader in renewable energy, and more importantly it will help small businesses and consumers by ensuring a steady supply of energy, thereby reducing high-demand energy spikes," said Eversource Vice President of Business Development Mike Auseré.
As part of the collaborative effort, Bay State Wind and NEC Energy Solutions will accelerate the development of early commercial integration of storage technologies into the electrical supply chain and capitalize on storage technology's benefits to clean energy integration, grid reliability, system wide efficiency, and system peak demand reduction. These efforts will further establish the SouthCoast of Massachusetts as a leading steward of environmental sustainability by becoming home to America's first commercial-scale offshore wind farm and the largest battery storage pairing system in the world.
"Bay State Wind brings industry leadership that is second to one," said Steve Fludder, CEO of NEC Energy Solutions. "This development is crucial to growing our battery storage systems in Massachusetts, across America, and around the world. The Bay State Wind project is a unique opportunity and the benefits to the Commonwealth are immense. We are excited about what we can achieve together."
Bay State Wind is a proposed offshore wind project located 25 miles off the Massachusetts SouthCoast and 15 miles off the coast of Martha's Vineyard, will be America's first large-scale, commercial wind farm. The project is expected to create more than 1,200 annual jobs during construction of the project and over 10,800 indirect and direct jobs over the life of the project. It will also bring cost efficiencies and innovation to the region.
--Bay State Wind