Home > Boards > US OTC > Banking and Finance > Harrison, Vickers & Waterman, Inc. (HVCW)

20MW Storage, Projected revenue $7-8 million per year:

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
newshound1 Member Profile
 
Followed By 4
Posts 152
Boards Moderated 0
Alias Born 01/17/17
160x600 placeholder
newshound1   Saturday, 12/22/18 12:41:45 PM
Re: None
Post # of 22394 
20MW Storage, Projected revenue $7-8 million per year:
"Viridity Energy Solutions, Inc., a leading battery storage, distributed generation, demand response, and energy management solution provider expects to start construction of two 20MW/20MWh utility scale, in-front-of-the-meter battery energy storage systems (BESS) located in Plumsted Township and Alpha, New Jersey. The projects were initiated by Ormat’s Viridity and are expected to be operational in the fourth quarter of 2018. Ormat, through Viridity, will finance, construct, own and operate the projects. The BESSs will be utilized to provide ancillary services to assist PJM Interconnection, a regional transmission organization (RTO), in balancing the electric grid, and will also be available as a capacity asset. In 2019, the projects are expected to generate average revenues of between $7 million and $8 million, mainly from ancillary services. The projects’ revenues are based on spot prices and may vary from period to period."

Note that Viridity's President Raj Chudgar has been involved with NJ Battery Storage 1 (while at PEFFCORP)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist