DNV GL has agreed to provide technical and financial due diligence to two energy storage projects from Renewable Energy Systems Americas Inc. (RES). The two 19.8-MW energy storage systems — Jake Energy Storage Center in Joliet, IL, and the Elwood Energy Storage Center in Chicago — represent one of the largest energy storage deployments in North America.
"As the value of energy storage for grid reliability gains recognition nationwide, projects like the two being developed by RES are playing a growing role by better leveraging existing utility assets," said Thomas McNulty, DNV GL Due Diligence Project Manager. "The ability of energy storage to support grid efficiency through frequency regulation is another important benefit because storage is capable of ramping up and down generation assets within milliseconds. Our work will evaluate the soundness of all aspects of the projects and verify performance against expectations."
DNV GL will provide services to potential project lenders that include battery technology review, civil and electrical design review, project schedule and capital cost review, commissioning document review, environmental permitting compliance review, site inspection, and performance verification.
The projects are expected to be completed in the third quarter of 2015.
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