ACUA News

April 16, 2018

Atlantic County Utility Authority, Viridity Celebrate Completion of Battery Storage Project

At the Atlantic County Utility Authority’s wastewater treatment facility in Atlantic City, N.J., a new battery energy storage system is now online.

The system captures up to one megawatt hour of energy produced by the site’s 7.5 megawatt wind farm and 500 kilowatts of solar energy, storing it to be used when needed. It was formally opened with a ribbon cutting held today, April 16.

Viridity Energy Solutions Inc., an Ormat Company, will own and operate the battery system for 20 years. The system combines advanced energy storage with Viridity’s VPowerTM energy management software. The New Jersey Board of Public Utilities awarded a $300,000 grant to help fund the project.

During times of high energy demand, the battery system will help power the authority’s operations, which in turn will save the cost of electric supply at the wastewater facility. Reliance on the battery system will enable the authority to be an ancillary support to the region’s electrical grid. By providing extra power to the grid, the authority will also receive revenue for its operations.

New Jersey Board of Public Utilities (NJBPU) President Joseph Fiordaliso attended the event and praised the project, noting that it is the first battery storage project to be funded by the NJBPU.

Using energy from the battery storage system is an emissions-free energy choice and goes hand-in-hand with ACUA’s other renewable energy installments, which also includes a landfill gas to energy project and several electric vehicle charging stations.

“The Atlantic County Utilities Authority continues to be innovative in adopting onsite green energy technology to lower their energy costs, said Mack Treece, CEO of Viridity. Working together with ACUA, Viridity is installing this system at no cost to the utility,” added Treece. “Viridity’s battery storage as a service system provides customers with benefits including reducing peak usage to lower energy costs, providing power back-up and power quality, and assisting ACUA’s grid maintain its performance,” Treece noted.

Viridity was the general contractor and engineering procurement and construction lead on the project. Johnson Controls provided the battery storage system, RETTEW served as the design-build manager, and Calvi Electric was the electrical contractor.

“Battery storage technology is the critical component to developing a smart grid; it has the potential to completely revolutionize power generation,” said ACUA President Rick Dovey. “Superstorm Sandy opened our eyes and made us realize we needed to become resilient, able to operate and not lose power.”

While the authority has invested in several renewable energy options, renewable power is limited by being intermittent. The battery storage project helps to store the electricity generated when it’s not needed and draw on the energy at later times, when it is. The system will help balance the supply and demand of the region’s electric grid.

 

 

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About Viridity Energy Solutions Inc.          www.viridityenergy.com

Viridity Energy, a wholly owned subsidiary of Ormat Technologies, Inc. is a leading battery storage and distributed generation, demand response, and demand management solution provider. Through its unique, flexible and turn-key VPowerTM software and services platform, Viridity maximizes energy revenue and savings for its customers. Viridity empowers customers to cut their electricity prices through best-in-class proprietary peak shaving algorithms, and its market leading VPowerTM optimization software, that ensures the best economic return for each KW of flexible energy load, including generating revenue for customers in the wholesale energy markets. Viridity is a market leader in advanced distributed energy resources (DER) with a specific focus on battery storage and by combining the skills of Viridity with its parent company Ormat, Viridity brings to market the unique ability to provide a broad, end-to-end DER solution to customers either as a service, with no capital outlay by the customer, or as a sale.

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Viridity's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Viridity's parent company, Ormat Technologies, Inc.'s, Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2017.

These forward-looking statements are made only as of the date hereof, and Viridity undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

About the Atlantic County Utilities Authority                        www.acua.com

The Atlantic County Utilities Authority is responsible for enhancing the quality of life through the protection of waters and lands from pollution by providing responsible waste management services. The Authority is an environmental leader and will continue to use new technologies, innovations and employee ideas to provide the highest quality and most cost effective environmental services.      

About Johnson Controls

Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Our 120,000 employees create intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. We are committed to helping our customers win and creating greater value for all of our stakeholders through strategic focus on our buildings and energy growth platforms. For additional information, please visit http://www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

About Rettew

RETTEW, ranked on Engineering News-Record’s 2017 list of top design firms, began providing civil engineering and surveying services in 1969. Today RETTEW has about 350 employees and nine offices located throughout the United States providing a wide range of traditional engineering and innovative design-build solutions for our clients in the public and private sector. For more information on any of RETTEW’s services, please call 1-800-RETTEW-5 (1-800-738-8395) or visit www.rettew.com.



 
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