After shedding out on an early alternative to construct New York state’s greatest battery, the proprietor of New York Metropolis’s greatest energy plant is taking steps to import renewable electrical energy generated upstate.
The Ravenswood Producing Station is present process a strategic shift to hold out the transition to scrub power referred to as for by Gov. Andrew Cuomo and the New York legislature. The 57-year-old energy plant contributes one-fifth of the town’s technology capability, and performed a vital function in supplying energy when Hurricane Sandy swamped the area. The homeowners wish to keep that management place, however make the ability in another way.
The corporate that owns Ravenswood rebranded itself Thursday as Rise Mild & Energy, and it’ll not be constructing any new fossil fueled technology, CEO Clint Plummer instructed Greentech Media.
It’s, nevertheless, growing a 1,200 megawatt transmission line to deliver wind and photo voltaic manufacturing from upstate New York into the town. The Catskills Renewable Connector would hyperlink up with the Ravenswood facility in Lengthy Island Metropolis, Queens, delivering round 15 % of the town’s electrical energy, the corporate stated.
“It has the power to unlock plenty of shut-in renewables throughout upstate New York that haven’t had the power to entry prospects,” Plummer stated.
The venture quantities to a type of geographical arbitrage. New York Metropolis has thousands and thousands of electrical energy prospects, however restricted house to generate wind or solar energy. Upstate New York has extra plentiful and reasonably priced land, however comparatively little demand for the electrical energy. The transmission line would join provide with demand.
Rise Mild & Energy is just not planning on proudly owning that wind and photo voltaic, however the transmission line it is planning may instigate a number of billion of funding in upstate New York, Plummer stated. That cash would go to jobs and tax base within the state, he famous, whereas options like importing hydropower from Canada ship wealth out of state.
A setback to battery plan
The corporate can also be planning to construct an enormous grid battery on the premises at Ravenswood, one of many few spots inside the metropolis that may accomodate such building. Batteries ship energy with out emitting pollution onsite, a significant distinction from New York’s growing old fleet of oil and fuel burning peak energy vegetation.
However the Ravenswood battery venture remains to be in the hunt for a contract to anchor the enterprise case. As a brand new asset class for New York energy markets, battery storage want contracted income to justify building, and New York utility Con Ed not too long ago selected a distinct bid in its large-scale storage procurement course of.
“We’re disenchanted that we didn’t win this solicitation, nevertheless it doesn’t in any method dampen our perception that we’ll be constructing a big battery on this website,” Plummer stated.
Rise’s mum or dad firm, LS Energy, not too long ago accomplished the most important battery on this planet, and has a number of equally giant storage initiatives underway in California. LS Energy additionally has expertise constructing aggressive transmission strains.
Transmission initiatives typically run into native opposition, however Rise Mild & Energy designed the route to attenuate damaging impacts. Traces could be buried underneath public rights of method and beneath the Hudson River, somewhat than requiring easements from landowners or taking entry by means of eminent area, Plummer stated.
As with all transmission initiatives, the Catskills Renewbale Connector has a protracted lead time. Plummer expects the venture may take a few years to lock down income for the venture and finalize permits, and one other two years for building, to start out operations in 2026 if issues go nicely. That leaves time to spare to assist the state attain its goal of 70 % renewable energy by 2030.
The Catskills transmission announcement got here on the heels of Cuomo’s State of the State deal with, during which he revealed that European oil majors Equinor and BP received a bid to construct 2.5 gigawatts of offshore wind, the most important deal of that sort within the U.S. to this point.