IPL and AES leaders officially open first battery-based energy storage in MISO region
July 12 2016 - 12:02PM
Business Wire
Advancion® Array provides alternative energy
solutions to meet customer demand
Indianapolis Power & Light Company (IPL), a subsidiary of
The AES Corporation (NYSE: AES), announces today IPL and AES
leaders cut the ribbon on the new IPL Advancion® Energy Storage
Array Facility located at the Harding Street Generation Station.
The Advancion Array is the first grid-scale, battery-based energy
storage system to make a footprint in the 15-state Midcontinent
Independent System Operation (MISO) region, which will provide
affordable and reliable power for our customers.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160712006324/en/
IPL and AES leaders cut the ribbon on the
new IPL Advancion® Energy Storage Array (Photo: Business Wire)
“IPL is committed to developing energy solutions that balance
affordability for our customers and the impact on the environment,”
said Rafael Sanchez, IPL President & CEO. “This array provides
an innovative approach to helping address the challenges that come
with diversifying our energy mix with more wind and solar
resources.”
The IPL Advancion Array provides 20 megawatts (MW) of
interconnected energy storage equivalent to 40 MW of flexible
resource with unmatched operational flexibility. The facility will
lower emissions by enabling more efficient dispatch of existing
generating assets and support the ongoing integration of renewable
power sources. The Advancion energy storage platform was recently
recognized with the 2016 International Edison Award for its
contribution to the growth and integration of clean energy around
the globe. The IPL Array features Advancion pre-certified
suppliers, including Samsung SDI and Parker Hannifin, and the
balance of plant was provided by the Casteel Corporation.
IPL continues to pursue a balanced generation portfolio. By next
spring, the majority of IPL’s generating capacity will come from
natural gas, wind and solar. Last month, IPL was also recognized by
Edison Electric Institute for innovative execution of solar
generation and battery storage projects. Additionally, there was
representation from IPL and AES at the White House Summit, which
invited regulators, energy company leaders and energy developers to
discuss renewable energy and energy storage.
“Advancion 4, our fourth generation solution, was developed to
meet the needs of utilities like IPL who are looking for innovative
and proven solutions,” said John Zahurancik, President of AES
Energy Storage. “With nearly a decade of energy storage experience
and more than 3 million megawatt hours of delivered service across
the installed base, Advancion will deliver value immediately and
for many years to come.”
For an in-depth look at how IPL Advancion Energy Storage Array
will support electric grid reliability, visit IPL’s blog +Stories
(pronounced “Positive Stories”) at IPLpower.com/blog.
About Indianapolis Power & Light Company and AES.
Indianapolis Power & Light Company (IPL), an AES Company,
provides retail electric service to more than 480,000 residential,
commercial and industrial customers in Indianapolis, as well as
portions of other Central Indiana communities surrounding Marion
County. During its long history, IPL has supplied its customers
with some of the lowest-cost, most reliable power in the country.
For more information about the company, please visit
www.IPLpower.com or connect with us at www.twitter.com/IPLpower,
www.facebook.com/IPLpower or www.linkedin.com/company/IPLpower.
The AES Corporation (NYSE: AES) is a Fortune 200 global
power company. We provide affordable, sustainable energy to 17
countries through a diverse portfolio of distribution businesses as
well as thermal and renewable generation facilities. Its workforce
of 21,000 people is committed to operational excellence and meeting
the world’s changing power needs. Our 2015 revenues were $15
billion, and we own and manage $37 billion in total assets. To
learn more, please visit www.aes.com. Follow AES on Twitter
@TheAESCorp.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160712006324/en/
Indianapolis Power & Light CompanyClaire Dalton,
317-829-7737pager 317-393-7584claire.dalton@aes.com
AES (NYSE:AES)
Historical Stock Chart
From Aug 2024 to Sep 2024
AES (NYSE:AES)
Historical Stock Chart
From Sep 2023 to Sep 2024