It is undeniable that the energy storage industry is booming in markets across the world, as more people consider it the key to renewable energy integration. Swiss integrated energy storage solution company, Leclanché, is feeling the effects of this boom, and has now announced its first project in the U.S.
The company was selected by Swiss Green Electricity Management Group (SGEM) to provider EPC contractor services and a turnkey battery storage system for the 20 MW Marengo Energy Storage Plant in Chicago. The project, developed by GlidePath Power, is a landmark project in the region, as one of the largest commercial battery storage projects in the country.
The project is being developed for the PJM Interconnection, the regional market transmission operator and will be interconnected to the local Commonwealth Edison Company electric grid, helping to provide real-time frequency regulation to PJM. Demand for frequency regulation is growing considerably, due to the increase of renewable energy in the electricity mix.
It is the first project of a strategic partnership between Leclanché and SGEM, to deliver utility-scale energy storage solutions across various markets. Particularly hoping to start breaking into the North American market.
“The formation of SGEM and its acquisition of projects sends a strong signal that international investors are recognizing the tremendous potential of this exciting new infrastructure asset class,” commented Leclanché CEO Anil Srivastava. “The pipeline of similar projects will continue to generate a high-growth demand in North America. Leclanche is focused on executing those projects, both on cost and on time. The Marengo Energy Storage Project leads the way to additional future projects and we are convinced that, thanks to investors such as SGEM, we will continue to play a leading role in the energy storage industry.”
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This Chicagoland battery energy storage system will have 20MW of power and 10 MWh of energy storage.
For a paper that I am writing to that will compute the LCOSE ($/MWh), I am now looking for a public announcement of the Marengo Energy Storage Project CapEx ($/MW) and OpEx ($/MWh).