NYSERDA-Funded Distributed Energy Storage Will Enhance Grid Reliability, Reduce Costs
Eos Energy Storage and Con Edison, a subsidiary of Consolidated Edison, Inc. announced a partnership to install and test Eos's cutting-edge energy storage technology within the utility's New York City facilities. Eos is currently commercializing a safe, low cost, and long-lasting grid-scale battery technology that can reduce customer costs, defer utility infrastructure upgrades and enhance power quality and reliability. Supported by funding from the New York State Energy Research and Development Authority (NYSERDA), the pilot will demonstrate the benefits of distributed energy storage.
â€œOur belief is that affordable energy storage will improve the efficiency and resilience of the electricity grid while reducing costs for utilities and customers alike, and it is a great opportunity to prove this together with a pre-eminent utility like Con Edison.â€
â€œThrough this pilot and partnership with Con Edison, we have the opportunity to install our safe, efficient battery technology in a dense load center like New York City, where the benefits of energy storage are particularly significant,â€ said Eos President Steve Hellman.
Eos stated that the pilot, targeted to begin in early 2014, is a milestone in the scale-up and commercialization of Eosâ€™s core product, a 1MW/6MWh grid-scale battery called the Eos Aurora. The Aurora is backed by Eosâ€™s novel, low-cost and proprietary zinc hybrid cathode technology, which has a 75% round-trip efficiency rate and a 10,000-cycle/30-year lifetime.
â€œOur belief is that affordable energy storage will improve the efficiency and resilience of the electricity grid while reducing costs for utilities and customers alike, and it is a great opportunity to prove this together with a pre-eminent utility like Con Edison.â€ Eos CEO Michael Oster said.
â€œCon Edison looks forward to installing and measuring Eosâ€™s new battery. As pioneers in the delivery of electricity, Con Edison sees the potential of another pioneer, which is why the company is working with Eos,â€ said Troy Devries, Con Edisonâ€™s director of Research and Development. â€œEnergy storage is one of the last frontiers for electric utilities and Eos Energy Storage holds promise for smooth integration.â€