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Batter Storage, Solar, Drone Business M&A Activity July 2021

Monday, July 19, 2021
Recent M&A Activity:
June 3, 2021: New England Battery Storage was acquired by Agilitas Energy for an undisclosed amount. This acquisition marks Agilitas Energy’s expansion into battery energy storage operations, including participating in the ISO-New England day-ahead and real-time energy markets, operating reserve markets, frequency regulation market, and the forward capacity market.
June 9, 2021: Future Home Power was acquired by Solar Integrated Roofing (PINX: SIRC) for an undisclosed amount. The acquisition is expected to act as a major growth driver for other Solar Integrated Roofing subsidiaries who can complete the on-site contracting work and capture the full lifecycle value of each customer. ....

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US distributed solar developer Agilitas buys New England battery storage projects

The go-to resource for in-depth news, analysis, blogs and more on the international energy storage industry ....

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South Portland may become $8M site for 4,500 batteries

South Portland planning officials on Tuesday night will consider an unusual project that may help Maine meet its goals for producing climate-friendly energy.
Instead of reviewing proposals for new housing, business space and the like, the Planning Board will consider a site plan for an $8 million battery energy storage system, to be installed by New England Battery Storage Inc. on 1.5 acres of woodland near 2290 Broadway.
The storage system would essentially be a giant bank of batteries six 50-foot-long containers of them, each with 750 lithium-ion units. The batteries would store electricity produced by Maine solar- and wind-powered generators and send it out to the grid as needed. ....

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Batteries Will Store and Send Excess Power to Maine Households

Batteries Will Store and Send Excess Power to Maine Households
950 lithium-ion batteries will not only store excess output from solar and wind power plants, they will also ensure the electric grid is more reliable. Lawmakers want to encourage more projects like this.
Tux Turkel, Portland Press Herald
|
March 9, 2021
| Analysis
(TNS) Sometime in May, two 53-foot-long storage containers, each fitted with roughly 950 lithium-ion batteries, are scheduled to be trucked to an industrial park in Rumford, Maine.
The batteries for this $5 million project will be charged at night with cheaper electricity, when demand in New England is low. The next day, when homeowners turn on appliances and business ramps up, the region s grid operators in Massachusetts can remotely dispatch those batteries and send enough power flowing to run 4,000 or so homes for up to two hours. ....

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Giant batteries coming to Maine to soak up, send out excess energy

Giant batteries coming to Maine to soak up, send out excess energy
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