Under the partnership, Tesla will develop a single energy storage system for the Vermont utility, as well as deploy some 2,000 residential energy storage batteries.
The solutions provider will use its Gridlogic software to integrate and control GMP’s single battery storage system with the 2,000 energy storage batteries to be deployed in residential households.
Benefits of energy storage programme
The utility will reward its customers participating in the programme for using their installed batteries for storage of energy generated from the utility’s renewable energy assets during times when generation is high.
Moreover, participating customers can also make use of the batteries to gain extra revenue by storing energy generated from their own solar systems and integrate it into the main grid to help the utility meet peak demand.
In a press statement, Green Mountain Power said it expectes the programme to reduce the use of energy during peak periods by up to 10MW, equivalent to disconnecting some 7,500 residential homes from the grid.
The project will help the utility reduce its operational costs through avoiding investing in new energy generation infrastructure to meet demand.
The development is also expected to reduce consumer energy bills as it will help the utility improve its renewable energy portfolio and provide its customers with cheap and affordable energy.
The programme is part of efforts by Green Mountain Power to modernise its grid and business model. [Elmira okays rollout of 2MW energy storage plant in Canada]
Tesla reiterated that it will use the system to provide a variety of grid services.
“Tesla will also work with Green Mountain Power to dispatch the aggregated resource into New England’s wholesale electricity markets, producing additional savings for customers in the region.”
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