New York, New York – Glenwood, a leading owner and builder of luxury rental properties in Manhattan, has expanded its commitment to sustainable development practices in announcing the deployment of the first Megawatt (MW) of distributed energy storage systems across a select group of buildings in their NYC real estate portfolio. Construction will begin this month on systems in the first properties, with commissioning and measurement/verification approvals completed in the first half of the year. The energy storage systems will be operational for the summer peak load season and will support the Indian Point Demand Management Program that Con Ed and NYSERDA are offering to commercial customers.
“We all need to work together to manage our electric grid and intelligently manage load growth in NYC, and this pioneering technology offers a viable solution” said Josh London, VP of Management for Glenwood. “In our mission to expand sustainable practices within the Glenwood portfolio, energy storage is an ideal solution that helps ConEd and NYSERDA solve real and pressing problems in managing the grid, while simultaneously elevating the quality of life at our properties,” London added.
Glenwood is an early adopter of energy storage, having installed its first system two years ago at their Barclay Tower property. That system, developed by market pioneer Demand Energy has been operating successfully and delivering above planned economic returns to the building. According to Mr. London, “We’ve had a great experience and gained tremendous insights into how we can enhance our building operations through Demand Energy’s cloud-based management platform, building analytics and operational models for behind-the-meter (BTM) energy storage. We are eager to deploy their technology across our entire portfolio.”
Glenwood has decided to move forward with a broad deployment of energy storage systems and has contracted with EnerSys, the global leader in industrial battery solutions and Demand Energy, a leader in the emerging storage systems market to deliver, install and operate these assets. 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 is capable of managing individual building loads in real-time or responding as an aggregated asset to a critical power event called by ConEd or NYISO.
“EnerSys brings more than 100 years of experience in the battery industry, a full range of integrated support services and the deep technical expertise needed to deliver the long life and performance required to assure both building and grid system reliability and resiliency” said Ed Stein, Manager of Business Development for EnerSys. Increased grid and facility resiliency is a critical priority of Mayor de Blasio’s Building Resiliency Task Force and an important goal of the Office of Recovery and Resiliency of NYC.
New York State, with the leadership of Governor Cuomo and The Public Service Commission, is moving forward with the development of a new energy market. Reforming the Energy Vision (REV) represents a bold approach to bringing utility regulation and management of the grid into the 21st century. The focus of the initiative is on the distribution side of the grid where the goal is to manage overall demand. This dynamic new market of incentives and tariffs 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.
“Unpredictability is the new norm and we believe that this first aggregated system in NYC is a foundational platform that will enable Glenwood to save money today and participate directly in the dynamic power and energy market proposed in the REV Initiative” said Doug Staker, VP Global Sales for Demand Energy.
Glenwood is one of New York City’s largest owners and builders of luxury rental apartments. The full-service Manhattan real estate organization has earned a reputation as the leader in its field through the continuity established as owner, builder and manager of all of its properties. Prestigious locations, innovative design, superior construction, outstanding views, elegant lobbies and impeccable services are benchmark qualities that have become synonymous with every Glenwood residence. Glenwood has provided personalized care and attention in every detail and enriched the quality of life offered in each of its rental apartment buildings for nearly five decades. Glenwood owns and operates a premier portfolio of apartment buildings throughout Manhattan such as Barclay Tower, Emerald Green, Paramount Tower, The Brittany, The Grand Tier and The Pavilion. www.glenwoodnyc.com
ABOUT DEMAND ENERGY
Founded in 2008 and led by a team of seasoned entrepreneurs from the telecom, utility and renewable energy industries, Demand Energy has architected the most comprehensive platform for integrating big-data analytics with energy storage at the edge of the utility grid. Our cloud-based, battery agnostic solution is running distributed energy storage systems today that are producing economic value on two continents and are transforming how energy is acquired and utilized in commercial and industrial buildings. Our systems are boosting the value of renewables by firming and time shifting the power so that it can be dispatched when it is most economically valuable, while at the same time improving grid stability. We believe the deployment of distributed generation and intelligent energy storage systems on either side of the customer meter will make the smart grid smarter, more resilient and cost effective for everyone. www.demand-energy.com
EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Motive power batteries and chargers are utilized in electric forklift trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions including medical, aerospace and defense systems. Outdoor equipment enclosure products are utilized in the telecommunication, cable, utility, transportation industries and by government and defense customers. The company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world. www.enersys.com
Quinn PR for Glenwood
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