Phoenix, April 15, 2019: GE Renewable Energy announces today that is has reached an agreement with Helios Energy to deliver two energy storage systems to be integrated with solar arrays for the Lenox Solar / Energy Storage project in Lenox, NY. The hybrid system will be installed in upstate New York at the end of 2019 and is expected to reach commercial operation in the second quarter of 2020.
The project will enable dispatchable renewable energy penetration into the grid, helping power New York state with reliable renewable energy. Seamlessly integrating solar and storage solutions together enables an overall higher availability and capacity factor while delivering dispatchable and predictable renewable energy into the grid. The battery system will store the energy that the solar field generates during the day when the sun shines and allow the site to meet power requirements during other peak demand periods.
The system will use a direct DC coupled configuration with a single inverter and single point of interconnection shared by the solar array and the storage system, helping improve the overall energy output of the hybrid system while optimizing equipment and installation costs and increasing the overall system reliability.
“The world is seeing an increased penetration of renewable generation, driven by the declining Levelized Cost of Electricity (LCoE) of wind and solar.” says Rob Morgan, Energy Storage CEO, GE Renewable Energy. “In addition, with the context of declining costs of battery storage, combining renewable energy generation sources together with storage will help unlock new revenue and value streams in the renewable hybrid industry and accelerate the energy transition to more renewables.”
About GE Renewable Energy:
GE Renewable Energy is a $15 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons. Follow us at www.ge.com/renewableenergy or on twitter @GErenewables
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