Greensmith and AEP launch hybrid hydro energy storage project in USA
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 20 October 2017 at 12 p.m. EEST
Greensmith Energy, a Wärtsilä Company, and American Electric Power (AEP) have
agreed to install a 4 MW energy storage system integrated with the Buck and
Byllesby hydroelectric power plants in southwest Virginia, USA. The integration
of advanced energy storage and software with hydroelectric generation is seen to
be a world's first hybridized system of its kind to provide ancillary services.
The system, due to begin operating in the first quarter of 2018, will deliver
PJM frequency regulation market (PJM=Pennsylvania, Jersey, Maryland power pool)
one of the first new energy storage systems since the adoption of new frequency
regulation signals and requirements for regulation service. Harnessing
Greensmith's GEMS software platform that offers multiple storage applications,
the project will serve both of PJM's frequency regulation markets, including
traditional regulation known as RegA and dynamic regulation known as RegD.
"The advent and growth of hybridized power, enabled by the integration of
intelligent energy storage, has always been a key part of our technology
vision," said Greensmith CEO John Jung. "Although we've delivered six grid-scale
energy storage systems to the PJM market, this innovative hybrid project will
see AEP raise the standard for hydroelectric use-cases globally. And the
potential for hybridization is massive as hydroelectricity represents over
1,000 gigawatts of generation globally, roughly a sixth of the world's total."
Expected to operate for 20 years, the programmable energy storage system running
on the GEMS software platform can optimize participation between RegA and RegD
signals based fluctuations in market values over time. Now as a Wärtsilä
Company, Greensmith continues to invest in advancing energy storage, integration
and software technology - all towards the future hybridization of the
electricity grid.
Buck and Byllesby are operated by Appalachian Power, a utility subsidiary of
AEP. The hydroelectric plants have been in operation since 1912 and are located
on New River.
For further information please contact:
David Miller
Director, Business Development at Greensmith Energy
Wärtsilä Energy Solutions
Tel: +1844 814 4369 Ext: 208
david.miller(at)wartsila.com
Susanna Siira
General manager, Area marketing and market development
Tel: +358 400 606 082
susanna.siira(at)wartsila.com
Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global energy system integrator offering
a broad range of environmentally sound solutions. Our offering includes ultra-
flexible internal combustion engine based power plants, utility-scale solar PV
power plants, energy storage & integration solutions, as well as LNG terminals
and distribution systems. The flexible and efficient Wärtsilä solutions provide
customers with superior value and enable a transition to a more sustainable and
modern energy system. As of 2017, Wärtsilä has 63 GW of installed power plant
capacity in 176 countries around the world.
https://www.smartpowergeneration.com/
Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers. In 2016,
Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
https://www.wartsila.com/
About Greensmith Energy, a Wärtsilä Company:
As the leading provider of energy storage software and integration services,
Greensmith's mission is to make energy storage a fundamental part of a more
resilient, intelligent and distributed energy infrastructure. Now in its fifth
generation, Greensmith's GEMS software platform optimizes the performance of
energy storage and integrated grid assets by lowering costs and maximizing
system return on investment.
www.greensmithenergy.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2017 - 11:00 Uhr
Sprache: Deutsch
News-ID 564531
Anzahl Zeichen: 5060
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Greensmith and AEP launch hybrid hydro energy storage project in USA"
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