US solar firm Nexamp is joining the battery energy storage system industry with deployment of 51MW of capacity across six sites in New York and Massachusetts.
It is the first time the company has deployed energy storage projects after it was awarded 40% of the capacity in the first block of the NY-Sun program— a component of the state’s Governor Andrew Cuomo’s ‘Reforming the Energy Vision’.
The projects will also take advantage of economic incentives available under VDER and MA SMART programs.
The first quarter of the year saw record growth in the US energy storage industry with 148MW of grid capacity representing a 232% growth over Q1 2018, according to Energy Storage Monitor report from Greentech Media.
Industry analysts predict installations in 2019 will more than double the capacity installed last year and 2020 deployments will triple over this year.
Nexamp’s initial storage projects represent a significant step forward in the company’s strategic development efforts. Similar projects are in various stages of development across NY and MA, both as part of a PV installation and as a standalone storage solution.
Nexamp is working with IHI Energy Storage as a non-exclusive equipment supplier for these initial projects.
