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Ormat Technologies Inc. has officially commenced commercial operations of its Montague energy storage facility in New Jersey. The20MW/20MWh Battery Energy Storage System (BESS) will provide ancillary services to the PJM merchant market, enhancing grid reliablity and flexibility.
The Montague project, eligible for a 30% Investment Tax Credit, marks a strategic expansion of Ormat’s energy storage portfolio in the U.S. With this addition, the company’s total capacity in the PJM market now stands at 120MW/120MWh, reinforcing its commitment to growth in key markets. Doron Blachar, Chief Executive Officer of Ormat Technologies, said, “We are pleased to announce the successful commencement of commercial operations at our Montague facility, which reflects our dedication to expanding our Energy Storage portfolio in strategic U.S. markets while also continuing to make progress in improving our profitability. With the addition of Montague, Ormat now operates 290MW/658MWh of energy storage projects, and we have several additional projects currently under construction, demonstrating our strong development capabilities and commitment to achieving our 950MW-1050MW/2.5GWh-2.9GWh 2028 energy storage portfolio capacity target.”
Blachar added, “The addition of the Montague project brings valuable ancillary services to the PJM market, enhancing the reliability of the grid while also supporting the transition to a cleaner energy future. We are proud to support the PJM market with our premium renewable power generation and energy storage solutions.” |
