How much does the energy storage system cost?

The energy storage system is a 4MW, 32MWh NaS battery consisting of 80 modules, each weighing 3 600 kg. The total cost of the battery system was USD 25 million and included USD 10 million for construction of the building to house the batteries (built by Burns & McDonnell) and the new substation at Alamito Creek.

Which energy storage technologies are included in the 2020 cost and performance assessment?

The 2020 Cost and Performance Assessment provided installed costs for six energy storage technologies: lithium-ion (Li-ion) batteries, lead-acid batteries, vanadium redox flow batteries, pumped storage hydro, compressed-air energy storage, and hydrogen energy storage.

Will higher capacity prices boost the business case for new power generation?

Source: Lawrence Berkeley National Laboratory (Berkeley Lab) Purchase Licensing Rights Higher capacity prices boost the business case for new power generation as well as keeping existing fossil fuel plants online, Brynna Foley, Associate, Research at data provider Enverus, told Reuters Events.

How do long-term power purchase agreements affect prices?

The price of long-term power purchase agreements (PPAs) with commercial offtakers and utilities are influenced by a number of drivers and developers will factor in capacity payments over a longer period when negotiating prices, Foley noted. However, the auction highlighted the tightness in the market.

Will energy demand rise in ISO New England by 2034?

Demand in ISO-New England is forecast to rise by 11% by 2034 on the back of electric vehicle and heating needs “after two decades of flat or declining energy demand,” a spokesperson for ISO New England told Reuters Events. Join 3,000+ senior decision-makers across energy and finance at Reuters Events Energy LIVE 2025.