Glenwood Pioneers Energy Storage System for Multifamily
- Mar 18, 2015
New York—Glenwood, an owner and builder of rental properties in Manhattan, has unveiled plans for the first megawatt (MW) of distributed energy storage systems across a group of buildings in its NYC real estate portfolio. Construction of the systems will begin this month, with commissioning and measurement/verification approvals completed in the first half of the year.
Glenwood is an early adopter of energy storage, having installed its first system two years ago at the company’s Barclay Tower property. That system, developed by Demand Energy, has been delivering above-planned economic returns to the building.
In moving forward with multi-building energy storage, Glenwood has tapped EnerSys, a specialist in industrial batteries, along with Demand Energy, to deliver, install and operate the systems. The deployment of an aggregated 1MW of energy storage across Glenwood’s properties represents the first example of a networked distributed energy storage portfolio in NYC that’s capable of managing individual building loads in real-time.
The multi-building energy storage systems will be operational in time for the summer peak load season. It will support the Indian Point Demand Management Program that Con Ed and NYSERDA are offering to commercial customers.
New York State and the Public Service Commission are currently moving forward with Reforming the Energy Vision (REV). The focus of the initiative is on the distribution side of the grid, where the goal is to manage overall demand. As a new market of incentives and tariffs, REV will encourage customers to deploy assets (like energy storage) to help align system/network peaks with building load reductions and improve the overall efficiency of the grid.