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Leclanchàƒ© SA, a global and vertically integrated battery energy storage solution company, said Nov. 1 that it has been selected by Swiss Green Electricity Management Group as the engineering, procurement and construction contractor and battery energy storage system supplier for the Marengo project in the PJM Interconnection market.
This latest project is the first for Leclanchàƒ© in the United States following a project win in Canada earlier this year. In August 2016, Leclanchàƒ© signed a preferred partnership agreement with Swiss Green Electricity Management Group, an independent owner and operator of energy storage assets. This partnership agreement for investments into utility-scale energy storage projects begins with the Marengo Energy Storage Plant in the U.S.
The Marengo 20 MW / 10 MWh grid-scale energy storage project is among the largest, fully commercial battery storage projects in North America. The Chicago-area project is being developed for the PJM market. It was developed by GlidePath Power, a leading developer of advanced energy solutions, which recently sold three similar projects in the United States.
The Marengo Energy Storage Plant will be interconnected to the Commonwealth Edison-owned electric grid and will provide real-time frequency regulation service to PJM. The storage facility will respond almost instantly to the continually changing needs of the grid, providing real-time frequency regulation and allowing PJM to deliver higher quality reliable electrical service at a lower cost to its end-users.
The increasing share of renewable energy in the electricity mix poses substantial challenges to grid stability, Leclanche noted. As a direct result, demand for frequency regulation is growing considerably. The smart deployment of battery energy storage systems (BESS) is the lowest-cost solution to support grid operators in their efforts to reduce and defer their investments into transmission and distribution infrastructure upgrades.
SGEM provides equity capital, leads project finance and supervises the construction and operation of energy storage infrastructure assets. It invests in energy storage projects on a build-own-operate model. Thanks to its partnership with Leclanchàƒ©, SGEM enjoys the right of first offer for all qualified projects of the company which represent over 85 MWh for 2017.
“Next generation battery storage technology is creating a cleaner and more efficient electrical systems across the U.S.,” said Dan Foley, CEO and founder of GlidePath. “We are looking forward to working again with Leclanchàƒ© as we focus on developing new projects that provide reliable electricity to the grid and end-users.”
“This will be our first participation in the well-structured and dynamic PJM energy storage market, and the Marengo Project offers SGEM investors the opportunity to provide a long-term commitment to this fast-growing infrastructure asset class,” said Antoine Spillmann, chairman of SGEM and CEO and Executive Partner at Swiss-based Bruellan Wealth Management. “We look forward to a continued long-term partnership with Leclanchàƒ©.”
“The Marengo Energy Storage Project leads the way to additional future projects and we are convinced that, thanks to investors such as SGEM, we will continue to play a leading role in the energy storage industry,” said Anil Srivastava, CEO of Leclanchàƒ©.
Leclanchàƒ© SA is a fully vertically integrated battery energy storage solution provider. It delivers a wide range of turnkey energy storage solutions for homes, small offices, large industries, electricity grids, as well as hybridization for mass transport systems such as bus fleets and ferries. Established in 1909, Leclanchàƒ© said it has been a reliable partner for battery energy storage solutions for over 100 years.
SGEM is an independent owner and operator of energy storage assets based in Switzerland. SGEM covers all the value-added activities from final stage of project development, financing, construction supervision, operations and maintenance.
GlidePath Power is a greenfield developer. In less than two years, GlidePath Power has demonstrated its ability to develop, contract, and commercialize three battery storage projects, totalling 60 MW, or roughly 40 percent of PJM’s installed capacity of battery storage projects. GlidePath Power continues to develop advanced energy solutions across the U.S., including 280 MW of additional PJM battery storage projects.