S&C Electric Co. announced Sept. 15 that it was awarded a new project by Half Moon Ventures LLC (HMV) to supply and build a 7-MW energy storage facilit to be located in Minster, Ohio.
The project is being built in conjunction with the local municipal utility, the Village of Minster. Once complete, the project will be one of the largest energy storage systems in Ohio.
HMV and the Village of Minster will benefit from four unique revenue streams, which will offset the costs of grid improvements while improving the rate of return, S&C Electric noted. HMV will be able to sell into PJM Interconnection‘s frequency regulation market, which helps to provide grid reliability for more than 60 million customers. The Village of Minster will also use the energy storage system to defer T&D costs, improve power quality and shave peak demand.
“Revenue stacking is one of the quickest ways to create a strong return on investment for energy storage systems,” said Troy Miller, director–Grid Solutions at S&C Electric. “In the case of the Minster project, we are seeing one of the first examples of how a municipal utility can work with a developer to create multiple revenue streams that benefit both parties, and we expect to see more projects like this in the future.”
HMV will use S&C’s 7 MW PureWave SMS Storage Management System, providing fully integrated storage management and power conversion for 3 MWh of lithium ion-batteries. The system will help Minster better manage energy demand during peak periods and provide reliable back-up power, while deferring the acquisition of costly reactive power compensation equipment. The system will also be tied to HMV’s adjacent 4.2-MW solar plant, allowing Minster to further reduce its peak demand charges in the middle of the day. Once complete, the solar/storage system will be the largest U.S. facility of its kind connected through a municipal utility, S&C Electric noted.
“With the new system, we are able to improve reliability and capacity while leveraging renewable energy sources without costly investments into grid expansion,” said Michael Hastings, the CEO of HMV. “S&C helped us prove that multiple revenue streams in energy storage deployments can help solve our customer’s financial and operational needs.”
In addition to the SMS, S&C is supplying its 15-kV Vista Underground Distribution Switchgear to provide protection and control between the storage system and the grid. S&C’s scope of work will include all major power system studies as well as the complete engineering, procurement and construction for the project.
S&C, with global headquarters in Chicago, is applying its heritage of innovation to address challenges facing the world’s power grids and is thus shaping the future of reliable electricity delivery. The mission of employee-owned S&C is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid.
Half Moon Ventures is a full service renewable energy provider. The HMV team has contributed to more than 2,000 MW of wind and solar energy projects around the world.