STATE PUTS $20 MIL ON STREET TO BUILD ENERGY STORAGE MARKET
By Michael P. Norton
STATE HOUSE NEWS SERVICE
BOSTON, DEC. 7, 2017......State government grants totaling $20 million are being handed out Thursday to grow an energy storage market that has the potential to reshape the power landscape and deliver new benefits to ratepayers.
Energy storage can help meet peak demand power requirements, enable the storage of weather-dependent clean energy, provide power during traditional outages, and increase the reliability of the electric grid, officials say, and the grants will facilitate the growth of still-developing storage technologies such as batteries, flywheels, thermal storage and pumped hydroelectric storage.
The 26 projects receiving grants will benefit 25 communities, but officials say the market will lead to benefits for all ratepayers. The grants include $1.14 million for a UMass-Amherst storage system that will double as an educational tool for students, $221,000 for an ice storage system at General Electric's Boston headquarters, $1 million for a Tesla's battery project at the Wynn Boston Harbor casino in Everett, $1 million to Solect Energy for five storage units at the MIT Lincoln Lab campus in Lexington, and $382,000 to WH Bennett for a solar array and storage system at a Vineyard Haven farm.
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