Harrison Vickers & Waterman Inc (HVCW)

[newshound1]

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)