Overview
- The award covers a 5MW/20MWh standalone battery energy storage system, described as CETY’s largest storage project to date.
- The site could scale to 20MW/80MWh subject to grid interconnection availability, according to the company.
- The system is intended to support grid reliability, peak-shaving, and participation in New York’s VDER and ancillary services markets.
- CETY reports entering the new year with more than $20 million in contracted project backlog and signals additional New York BESS deals are expected in the coming months.
- Shares jumped after the announcement, with Benzinga citing an intraday gain of about 83% Tuesday and Blockonomi reporting gains exceeding 120% by Wednesday.