News — Cranberry Point Energy Storage

NEWS

June 13, 2024

CISION PR Newswire | First Major Standalone Battery Storage Project in ISO-NE Closes Financing

Today, Plus Power™ announced the close of construction and term financing for the first major utility-scale standalone battery storage system in construction on the New England grid, among other notable firsts for standalone storage in the region. The Cranberry Point facility, located in Carver, Massachusetts, will help stabilize the electric grid during the region's increasing number of extreme weather events while helping to suppress volatile wholesale prices for ratepayers.

January 27, 2024

USA Today | This state is quickly becoming America's clean energy paradise. Here's how it's happening.

Hawaii pledged to be “Coal free by ’23,” and state law requires 100% clean energy in just 21 years. Attaining that goal came closer last month when an enormous 185-megawatt battery near Honolulu hummed into full operation.

January 07, 2024

The Maine Monitor | Maine’s first giant battery project set for construction in Gorham

Construction is set to begin this spring in Gorham on one of New England’s largest battery storage projects, a preview of similar ventures that are seen as a missing link for optimizing the region’s growing fleet of solar and wind power plants.

October 17, 2023

S&P Global | Plus Power secures landmark $1.8B for US battery stations as 'tidal wave' nears

Amid a challenging high interest-rate environment, the fast-growing Houston-headquartered company closed financings with major lenders and investors to bring online 1.04 GW/2.76 GWh of lithium-ion battery capacity before peak power demand returns to Texas and the Southwest next summer.

September 12, 2023

The Texas Tribune | As brutal heat tests Texas’ power grid, batteries play a small but growing role in keeping the lights on

On Wednesday night, minutes before the state’s grid operator went into emergency mode to make sure it would have enough power to meet high demand during another triple-digit day, batteries provided more electricity to Texas homes and businesses than ever before.

July 19, 2022

Maine Public Radio | Big batteries are quickly becoming part of Maine's electric grid

Battery storage is one part of a massive electrification project that will be increasingly critical as the nation weans itself from the fossil fuels that are the biggest drivers of climate change. The grid will be carrying more juice as more renewable power projects come online, and electricity replaces internal combustion engines in cars and other uses.

February 11, 2021

Green Tech Media | “Plus Power Breaks Open New England Market for Massive Batteries”

San Francisco-based developer Plus Power won two bids in the latest capacity auction held by the New England ISO, which operates the transmission grid and competitive power markets in six northeastern states. That means that these two battery plants offered a compelling enough price to edge out some fossil fuel plants for delivering power on demand.