JACKSON,
Mich., June 24, 2024 /PRNewswire/ -- Consumers
Energy announced an agreement today that will add 100 megawatts of
battery storage to their clean energy arsenal through a partnership
with Jupiter Power. The agreement
represents a significant milestone toward the company's goal of
reaching 550 megawatts of storage capacity by 2040.
"Battery storage is a critical part of our Clean Energy Plan,
improving efficiency and boosting reliability during the transition
away from coal to renewable fuel sources such as solar and wind,"
said David Hicks, Consumers Energy
vice president of clean energy development. "We look forward to
partnering with Jupiter to meet this need as we continue the
journey to achieve our ambitious clean energy goals."
Battery energy storage systems (BESS) store and distribute
energy harnessed from renewable sources like wind and solar,
allowing for more energy capture and reducing the overall cost of
electricity. When used in concert with energy efficiency
improvements, demand response and grid modernization work, BESS
will accelerate the renewable energy transition without sacrificing
affordability or a reliable grid.
"As an early investor in the development of battery energy
storage projects in Michigan,
Jupiter is thrilled to provide Consumers with cost-competitive
energy storage solutions that help Consumers meet its storage and
clean energy goals," said Sam Malin,
Jupiter's Vice President of Origination. "Jupiter's long-term 100MW
power purchase agreement with Consumers represents our investment
in dispatchable battery energy storage in Michigan, complimenting the State's wind,
solar, and traditional resources to deliver reliable power."
While Consumers Energy has plans to develop 75 megawatts of its
own storage by 2027, the facility, to be built in partnership with
Jupiter Power in Coldwater, will add to a growing number of
storage systems already operational across the state, including
ones in Kalamazoo, Cadillac, Grand
Rapids and Standish.
Consumers Energy is Michigan's
largest energy provider, providing natural gas and/or electricity
to 6.8 million of the state's 10 million residents in all 68
Lower Peninsula counties. Consumers Energy's Clean Energy Plan
calls for eliminating coal as an energy source by 2025, achieving
net-zero carbon emissions and meeting 90 percent of customers'
energy needs through clean sources, including wind and solar.
Jupiter is a leading energy storage infrastructure platform with
deep trading, analytics, development, finance, operations, and
construction capabilities and unparalleled intellectual property in
dispatch optimization. The company is developing more than 11,000
MW of projects from California to
Maine, and has offices in
Austin and Houston, Texas, and Chicago, Illinois. For more information on
Jupiter Power LLC, please visit our Twitter, LinkedIn, or Facebook
pages or visit www.jupiterpower.io.
For more information about Consumers Energy, go
to ConsumersEnergy.com.
Check out Consumers Energy on Social Media
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SOURCE Consumers Energy