REQUEST FOR PROPOSALS FOR LONG-TERM
The procurement schedule, consistent with Section 83E will ensure: (i) approximately 1,500 megawatts of Mid-Duration Energy Storage shall be procured by July 31,
Energy storage procurement contracts must also take into account the ever-evolving suite of laws and regulations applicable to energy storage projects, including as a result of the recent change in administration in the United States.
These contracts allocate the risks of project development, construction, and performance between the parties and include the price that will be paid by the utility for the resource or the energy storage services that are to be provided.
When developing an energy storage project, a project owner can engage an EPC contractor to provide a fully-wrapped EPC agreement that will encompass the procurement, installation, and commissioning of batteries. In many cases, however, owners will contract directly with battery suppliers for battery supply and commissioning.
“Power Advisory notes that there are over 60 energy storage projects that are 40 MW or larger proposing to interconnect in Massachusetts offering almost 13,000 MW that have Feasibility Studies, System Impact Studies, Facilities Studies, or Interconnection Agreements,” the firm, Power Advisory, wrote in its May report.
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