NEW YORK--(BUSINESS WIRE)--Leading renewable energy developer and operator, Summit Ridge Energy (SRE), today announced three standalone energy storage projects in New York City in partnership with Qcells, a leading provider of complete energy solutions. The projects, located in Staten Island and Brooklyn, will produce approximately 12 megawatts (MW) and 46 megawatt hours (MWh) of energy capacity as part of New York State’s Value of Distributed Energy Resources (VDER) program.
The projects are under construction and expected to complete commissioning in early 2023, making SRE one of the largest operators of energy storage under the VDER program in New York City. Since 2019, SRE has worked in close coordination with local governments and safety experts to shape legislation to support battery storage development in the city.
The agreement builds on a three-year partnership between SRE and Qcells. Qcells will supply energy storage hardware and energy management software for the projects, including its Geli energy management system (EMS) to optimize performance of the assets under the VDER program guidelines. Geli’s newest software capabilities will allow users to accurately predict the system-wide NYISO peak and export energy to the grid via standalone energy storage systems to support grid flexibility and energy stability in New York. With these projects, the Qcells Geli EMS will be managing one of the largest fleets of dispatchable assets under the VDER program, and will be the first to intelligently address peak hour dispatch for New York in the program’s history.
“The opportunity for energy storage in New York is significant––not only will standalone storage support grid resilience as the state continues to transition to renewable energy, but it will also help reduce reliance on fossil fuel peaker plants and help to regulate grid frequency,” said Brian Dunn, Chief Operating Officer at SRE. “We are thrilled to partner with Qcells on the first of many energy storage projects from our team in New York City, and happy to lead the way for other clean energy advocates looking to expand storage in the state.”
“We are excited to partner with SRE to provide our industry-leading clean energy solutions. With Qcells’ innovative Geli platform designed to maximize project returns with multiple value-stacked applications, coupled with our bankable energy storage systems, we are committed to supporting SRE’s path to becoming an energy storage leader in New York City. We look forward to seeing SRE accelerate the adoption of storage in New York and beyond,” said Ben Brown, SVP of Qcells’ Distributed Energy division.
Like community solar, community storage projects provide additional pathways to renewable energy adoption for residents and businesses, beyond onsite facilities.
The portfolio solidifies SRE’s position as the largest community solar and storage provider in the nation. Since its founding, SRE has grown its portfolio of operational and in-development projects to more than 700 MW of clean energy projects and more than 100 MWh of standalone storage. The company began developing energy storage assets in 2019.
About Summit Ridge Energy
Launched in 2017, Summit Ridge Energy is the nation’s leading owner-operator of community solar assets. Through dedicated funding platforms, the team acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. With over 100 active solar projects across markets, the team has established itself as a reliable industry partner. Since its founding, SRE has grown its portfolio of operational and in-development projects to more than 700 MW of clean energy and more than 100 MWh of standalone storage. Learn more at www.srenergy.com.
About Qcells
Qcells is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells and modules, portfolio of intelligent storage systems, and growing international pipeline of large-scale renewable energy projects. Qcells also provides renewable electricity retail services and packages to end customers the world over. The company is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: www.qcells.com/us.
Qcells North America Distributed Energy
Qcells, through its Distributed Energy division, offers a variety of tailored solutions designed to help organizations unlock new revenue streams and tap into savings potential associated with solar PV + energy storage systems. Qcells partners with a variety of businesses to offer one-stop shop industry-leading hardware and software offerings that help organizations meet financial and sustainability goals, all backed by a Fortune Global 500 company.
