Energy Storage Emerges as the Smart Answer to Big City Power Needs
PRINCETON, NJ–(Marketwired – Mar 24, 2015) – Princeton Power Systems, a leading global designer and manufacturer of technology products and embedded software for energy management, micro-grid operations, and electric vehicle charging, is providing technologies at the heart of breakthrough energy storage projects that will manage electricity demand in a group of New York City buildings.
Glenwood, which builds and owns luxury rental property in Manhattan, has contracted with EnerSys and Demand Energy to install 1 megawatt of energy storage capability in multiple buildings throughout New York City. For the first time in New York, a networked energy storage portfolio behind the customer meter will be able to manage individual building real-time loads and also respond to calls to cut electric use by Consolidated Edison or the New York Independent System Operator (NYISO), which runs the state’s grid. This aggregation of individual energy storage systems will solve the increasing need for peak load reduction while at the same time increasing individual building and overall grid resiliency.