Ameresco Announces a new Contract for a Battery Energy Storage System Asset with Snohomish County Public Utility District (PUD)
08 Luglio 2024 - 2:05PM
Business Wire
25-megawatt battery energy storage system to
enhance utility’s system reliability as the largest standalone
battery installation to date in the Pacific Northwest
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced it has signed a contract with Snohomish County Public
Utility District (PUD) to construct a battery energy storage system
(BESS) with a 20-year guaranteed capacity of 25 megawatts (MW) and
100 megawatt-hours (MWh).
The installation represents the largest standalone battery
project to date in the Pacific Northwest. The 25-year tolling
agreement keeps Ameresco as the asset owner and Snohomish PUD as
the exclusive customer of the project. The BESS will provide the
PUD with enhanced electrical system reliability and flexibility
while reducing exposure to energy price volatility, making the
project a significant milestone in the advancement of sustainable
energy solutions in Washington State.
“This project represents a paradigm shift in the Pacific
Northwest energy industry,” said Nicole Bulgarino, Executive Vice
President at Ameresco. “By collaborating with Snohomish PUD, we are
pioneering a unique model where the owner and the customer are
distinct entities, showcasing the versatility and scalability of
utility-scale storage solutions.”
Construction on the energy storage asset is currently expected
to begin in late 2024 and be operational in late 2025. It allows
Ameresco to provide Snohomish PUD the flexibility to utilize the
battery energy storage system for charging and discharging
activities under the tolling agreement. This long-term arrangement
underscores both organizations' commitments to driving innovation
and sustainability within the region.
“We’re excited to work with Ameresco on making this new battery
energy storage project a reality,” said John Haarlow, Snohomish PUD
CEO/General Manager. “Energy storage is a critical component to
helping us keep the grid reliable and affordable while also meeting
our clean energy goals.”
To learn more about Ameresco and the company’s clean energy
solutions, visit www.ameresco.com.
About Ameresco, Inc. Founded in 2000, Ameresco,
Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable
energy asset developer, owner and operator. Our comprehensive
portfolio includes solutions that help customers reduce costs,
decarbonize to net zero, and build energy resiliency while
leveraging smart, connected technologies. From implementing energy
efficiency and infrastructure upgrades to developing, constructing,
and operating distributed energy resources – we are a trusted
sustainability partner. Ameresco has successfully completed energy
saving, environmentally responsible projects with Federal, state
and local governments, utilities, healthcare and educational
institutions, housing authorities, and commercial and industrial
customers. With its corporate headquarters in Framingham, MA,
Ameresco has more than 1,500 employees providing local expertise in
North America and Europe. For more information, visit
www.ameresco.com.
About Snohomish PUD Created by a vote of the people
in 1949, Snohomish County PUD is the second largest public power
utility in Washington state and the 12th largest in the United
States. The PUD, which serves electricity to more than 875,000
residents of Snohomish County and Camano Island, is a national
leader in clean energy and renewable energy technology. For more,
visit snopud.com.
The announcement of the development of a renewable energy asset
by Ameresco is not necessarily indicative of the timing or amount
of revenue from such asset, of the company’s overall revenue for
any particular period or of trends in the company’s overall total
assets in development or operation. This project was included in
our previously reported assets in development as of March 31,
2024.
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version on businesswire.com: https://www.businesswire.com/news/home/20240708076006/en/
Media: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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