Prevalon Energy Secures Contract with Idaho Power for New Integrated Battery Energy Storage System (BESS)
March 29 2024 - 8:07AM
Business Wire
- Contract further establishes Prevalon as an experienced global
leader in battery energy storage solutions with over 30 projects
and 3GWh of utility-scale projects deployed worldwide
- Agreement emerged from a competitive bidding process initiated
by Idaho Power to secure resources for providing reliable,
cost-effective service to its customers
Prevalon Energy LLC, a Mitsubishi Power Americas company,
announces it has contracted with Idaho Power for a complete Battery
Energy Storage System (BESS) along with a robust long-term service
agreement. The project will provide grid resiliency as a net peak
solution, helping the utility continue providing reliable power
during peak demand periods. The service agreement includes
maintenance as well as remote monitoring.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240329763704/en/
Prevalon and Idaho Power plan to bring
critical reliable power needed during peak demand periods to
bolster grid resiliency. The project will provide up to 328MWh’s.
(Rendering Credit: Prevalon)
The four-hour battery storage project with up to 328 MWh from
Prevalon will align with Idaho Power’s plan to integrate more than
5,000 megawatts (MW) of energy from wind and solar projects over
the next 20 years. The BESS will ensure energy produced by those
intermittent sources can be stored for future dispatch. The
company’s “Prevalon Battery Energy Storage Platform,” a complete AC
solution including the battery enclosures, inverters, medium
voltage transformers and EMS (Energy Management System), will be
the cornerstone of the utility’s battery storage project, which
will make a significant contribution to Idaho Power’s goal of
providing 100% clean energy by 2045. The BESS from Prevalon is
designed to meet the utility’s specific needs, including robust
safety and security protocols and reliable operations. The project
is expected to be fully operational in 2025.
“This order is a testament to the hard work of a very talented
team that has positioned Prevalon as a skilled and established
business partner for our customers with deep project experience in
the fast-moving and growing development of battery energy storage,”
said Prevalon President and CEO Tom Cornell. “We place high value
on the partnering mindset and are looking forward to working
closely with Idaho Power as they incorporate our end-end integrated
battery energy storage solution into their long-range plans to
ensure a stable and reliable energy grid for their customers.”
Battery energy storage has emerged as a critical technology in
the march toward a cleaner, sustainable energy future. Prevalon is
committed to innovating battery energy storage products and
services to store electrical energy, much of it from renewable
sources such as wind and solar, so that it can be utilized at a
later time. This approach enables a more efficient, reliable, and
sustainable electricity grid as it is designed to respond quickly
to grid demand and supply changes.
About Prevalon Energy LLC
Commitment, reliability, expertise. These are the ideals that
guide our decision making, design philosophy, and relationship
building. Prevalon Energy LLC (Prevalon), a Mitsubishi Power
Americas Company, is empowering companies to deploy flexible energy
solutions and accelerate a more sustainable energy future. With 10
years of global battery energy storage experience and over 3 GWh of
utility-scale battery energy storage projects deployed, Prevalon
develops an end-to-end integrated battery energy storage solution
that delivers throughout the entire lifecycle of your project and
ensures performance. From design and engineering, energy management
systems integration, commissioning, and long-term service programs,
the Prevalon Battery Energy Storage Platform meets the demands of
your energy system today and into the future. For more information,
visit PrevalonEnergy.com and follow us on LinkedIn.
About Idaho Power
Idaho Power, headquartered in vibrant and fast-growing Boise,
Idaho, has been a locally operated energy company since 1916.
Today, it serves a 24,000-square-mile area in Idaho and Oregon. The
company’s goal to provide 100% clean energy by 2045 builds on its
long history as a clean-energy leader that provides reliable
service at affordable prices. With 17 low-cost hydroelectric
projects at the core of its diverse energy mix, Idaho Power’s
residential, business and agricultural customers pay among the
nation’s lowest prices for electricity. Its 2,100 employees proudly
serve more than 630,000 customers with a culture of safety first,
integrity always and respect for all.
IDACORP Inc. (NYSE: IDA), Idaho Power’s independent publicly
traded parent company, is also headquartered in Boise, Idaho. To
learn more, visit idahopower.com or idacorpinc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240329763704/en/
Alex Misrahi Prevalon +1 407 865-2307
Alex.Misrahi@PrevalonEnergy.com
Brad Bowlin Idaho Power +1 208 388-2803
Bbowlin@idahoPower.com