POWER Magazine•about 1 month ago
Elevate Renewables Acquires Major Battery Storage Project in PJM
Key Takeaway
The acquisition of PJM's largest standalone battery storage project by Elevate Renewables underscores the accelerating investment and strategic importance of large-scale energy storage in major ISOs for grid stability and market participation.
AI Summary
- •Elevate Renewables, an energy storage and hybrid power generation asset owner, acquired the largest standalone battery storage project in the PJM Interconnection.
- •This M&A activity highlights the accelerating investment and consolidation within the large-scale battery storage market, particularly in key ISOs like PJM.
- •For developers, this signals strong market demand and valuation for significant storage assets, indicating opportunities for project development and potential acquisition targets.
- •For large power consumers, increased battery storage capacity in PJM can enhance grid reliability, provide ancillary services, and potentially stabilize capacity prices.
Topics
capacity-marketinterconnectm&apjmstorage
Article Content
A Massachusetts-based energy group that owns and operates energy storage and hybrid power generation assets said it has acquired the largest standalone battery storage project in the PJM Interconnection. The post Elevate Renewables Acquires Major Battery Storage Project in PJM appeared first on POWER Magazine .