Energy storage company Alevo Group has signed an agreement with Customized Energy Solutions to provide 200 megawatts of grid-linked battery systems in the US.
The GridBank-powered frequency regulation services will be made available for the wholesale energy market. “Maintaining stable frequency on the grid is a critical challenge for the operators of electricity grids around the world.” Alevo said in a statement. “The provision of fast-reacting power resources, such as the Alevo GridBank, to manage grid stability is a natural fit for energy storage, particularly following federally-mandated changes to energy markets that reward resources that can react at a moment’s notice.”
Under the terms of the joint operational agreement, Alevo will work with CES to deliver 200MW of energy storage capacity that will be distributed across its operational network.
Energy storage technology is rapidly becoming a mainstream solution for a variety of grid services including frequency regulation, peak-shaving and renewables capture. This has been enabled by the reduction in battery costs, dramatic improvement in battery performance and the redesign of tariff structures to better monetize the benefits of storage technologies.