NYCEEC Finances Energy Storage for a Low-Income Housing Microgrid in Brooklyn
ByMarcus Garvey Apartments
New York—The New York City Energy Efficiency Corp. made a 10-year project loan of more than $1 million to Demand Energy to bring large-scale battery storage technology to a privately-owned low-income housing development in Brooklyn, NY. The project will be the first battery storage microgrid installation at a low-income property in greater New York.
L+M Development Partners’ Marcus Garvey Apartments, a 625-unit community located in the Brownsville section of Brooklyn, already has 400 kilowatts of solar and will add 400 kilowatts of fuel-cell generating capacity as part of an extensive property renovation. Demand Energy’s lithium-ion battery system will be used to store the power generated onsite during the lower-cost off-peak Con Edison power, thus reducing power demand when electricity is at its highest cost. The energy storage and distributed energy resources will be integrated into a microgrid managed by Demand Energy’s DEN.OSTM software platform. The system will cut power expenses, help keep the grid reliable and provide off-grid backup power for emergencies…
NYCEEC Finances Energy Storage for a Low-Income Housing Microgrid in Brooklyn