
Battery storage array at a power plant near Palm Springs, California. According to the National Renewable Energy Labratory, a microgrid connects distributed energy sources as a single entity that can be connected and disconnected to a larger grid to improve reliability. (Source: Shutterstock)
Acadia Energy Corp. completed a joint development agreement with Alternus Clean Energy to develop 200 megawatts (MW) of microgrids in upstate New York, Acadia announced May 9.
The microgrids, representing $300 million in contract revenue, are in the predevelopment stage, and property parcels, energy and interconnection assessments have been analyzed.
A microgrid connects distributed energy sources as a single entity that can be connected and disconnected to a larger grid to improve reliability, according to the National Renewable Energy Labratory.
This initiative is expected to help New York meet its clean energy targets and ensure communities are benefiting directly from local resources, both companies said.
Acadia said it created a new energy deployment model for the microgrids that creates localized partnerships. The partnership looks to deploy the microgrids as sustainability hubs.
The hub acts as an “economic development engine” for local communities to attract new businesses by offering low-cost renewable energy and providing energy discounts to local residents and businesses, Acadia said.
"Our shared vision for a sustainable future and Acadia’s extensive experience in developing a pipeline of over 1.4 gigawatts of projects provides a solid foundation for this multi-phase initiative, which will be implemented in 200 MW phases," said John Bay, CEO of Acadia.
Acadia and Alternus expect to begin commercial operations within two years, with both companies equally sharing project development costs.
Recommended Reading
Colonial Shuts Pipeline Due to Potential Gasoline Leak
2025-01-14 - Colonial Pipeline, the largest refined products pipeline operator in the United States, said on Jan. 14 it was responding to a report of a potential gasoline leak in Paulding County, Georgia and that one of its mainlines was temporarily shut down.
Colonial’s Line 1 Gasoline Service Restored, Company Says
2025-01-20 - Colonial Pipeline Co. stopped flows on the gasoline transport line following reports of a leak in Georgia.
MPLX Acquires Remaining Interest in BANGL for $715MM
2025-02-28 - MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback.
Kinder Morgan Acquires Bakken NatGas G&P in $640MM Deal
2025-01-13 - The $640 million deal increases Kinder Morgan subsidiary Hiland Partners Holdings’ market access to North Dakota supply.
Tallgrass, Bridger Call Open Season on Pony Express
2025-02-14 - Tallgrass and Bridger’s Pony Express 30-day open season is for existing capacity on the line out of the Williston Basin.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.