Dec
08

NYCEEC Finances Energy Storage for a Low-Income Housing Microgrid in Brooklyn

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The loan marks a new line of business for NYCEEC as the efficiency and clean energy organization enters the energy storage market.

Marcus Garvey ApartmentsMarcus Garvey Apartments

New York—The New York City Energy Efficiency Corp. made a 10-year project loan of more than $1 million to Demand Energy to bring large-scale battery storage technology to a privately-owned low-income housing development in Brooklyn, NY. The project will be the first battery storage microgrid installation at a low-income property in greater New York.

L+M Development Partners’ Marcus Garvey Apartments, a 625-unit community located in the Brownsville section of Brooklyn, already has 400 kilowatts of solar and will add 400 kilowatts of fuel-cell generating capacity as part of an extensive property renovation. Demand Energy’s lithium-ion battery system will be used to store the power generated onsite during the lower-cost off-peak Con Edison power, thus reducing power demand when electricity is at its highest cost. The energy storage and distributed energy resources will be integrated into a microgrid managed by Demand Energy’s DEN.OSTM software platform. The system will cut power expenses, help keep the grid reliable and provide off-grid backup power for emergencies…

NYCEEC Finances Energy Storage for a Low-Income Housing Microgrid in Brooklyn

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