AES Distributed Energy & KIUC Announce Plan to Construct Innovative Renewable Peaker Plant in Kauaʻi Utilizing a Hybrid Sola...
January 10 2017 - 1:34PM
Business Wire
AES Distributed Energy, Inc. (AES DE), a subsidiary of The AES
Corporation (AES), and Kauaʻi Island Utility Cooperative (KIUC)
announced today the execution of a power purchase agreement (PPA)
for an innovative plant that will provide solar energy together
with the benefits of battery-based energy storage for optimal
balancing of generation with peak demand. The project consists of
28 megawatts (MW) solar photovoltaic (PV) and a 20 MW five-hour
duration energy storage system.
The system will be located on former sugar land between Lāwaʻi
and Kōloa on Kauaʻi's south shore. It will be the largest
solar-plus-utility-scale-battery system in the state of Hawaiʻi and
one of the biggest storage systems in the world.
“We are honored that KIUC has selected AES to help meet their
peak demand with a flexible and reliable renewable energy
solution,” said Woody Rubin, President of AES Distributed Energy.
“We are excited to be able to leverage AES’ industry-leading energy
storage platform, and 20 plus-year history in Hawai’i in order to
help KIUC modernize the grid and provide additional value to its
customers.”
“Energy from the project will be priced at 11 cents per kWh and
will provide 11 percent of Kauaʻi’s electric generation, increasing
KIUC’s renewable sourced generation to well over 50 percent,” said
KIUC’s President and Chief Executive Officer, David Bissell. He
added, “The project delivers power to the island’s electrical grid
at significantly less than the current cost of oil-fired power and
should help stabilize and even reduce electric rates to KIUC’s
members. It is remarkable that we are able to obtain fixed pricing
for dispatchable solar-based renewable energy, backed by a
significant battery system, at about half the cost of what a basic
direct to grid solar project cost a few years ago.” Bissell
estimates that the project will reduce KIUC’s fossil fuel usage by
over 3.7 million gallons yearly.
AES DE will be the long-term owner and operator of the project.
The company is committed to providing innovative renewable energy
solutions to its utility, corporate and governmental customers. AES
continues to pioneer the use of energy storage on the electric
grid, starting with the first grid-scale advanced energy storage
project installed in 2008. AES now operates one of the largest
fleets of battery-based energy storage in the world.
The project is pending state and local regulatory approvals. If
approved, the project is expected to come on-line by late 2018.
About AES Distributed Energy, Inc. and The AES
Corporation:
The AES Corporation (NYSE: AES) is a Fortune 200 global power
company providing affordable, sustainable energy to 17 countries
through its diverse portfolio of distribution businesses as well as
thermal and renewable generation facilities. AES Distributed Energy
is one of ten businesses that make up the AES U.S. Strategic
Business Unit (“SBU”) providing renewable energy solutions to a
diverse customer base including utilities, corporations, and
governmental entities. With a workforce of 3,600 people, the U.S.
SBU is committed to operational excellence and meeting the changing
power needs of the United States. To learn more, please visit
www.aes.com.
About AES Energy Storage:
AES Energy Storage, a subsidiary of The AES
Corporation (NYSE: AES), is a leader in commercial energy
storage solutions, which improve flexibility and reliability of the
power system, and provide customers with a complete alternative to
traditional peaking power plants. The company’s Advancion® 4 energy
storage solution is available for sale to leading utilities, power
markets, and independent power producers, and AES Energy Storage
and its partners can manage installations from concept to operation
with a market-proven solution that integrates best in class battery
and power conversion technologies. AES Energy Storage introduced
the first grid-scale advanced battery-based energy storage solution
in commercial operations in 2008 and operates the largest fleet of
battery-based storage assets in service today. AES Energy Storage
has a total of 436 MW of interconnected energy storage, equivalent
to 872 MW of flexible resource, in operation, construction or late
stage development in seven countries. To learn more, please visit
www.aesenergystorage.com or @aes_es on Twitter.
To learn more, please visit www.aes.com. Follow AES on Twitter
@TheAESCorp.
About KIUC
KIUC is a member-owned cooperative serving 33,000 customers on
the island of Kauaʻi. Formed in 2002 and governed by a nine-member,
elected board of directors, KIUC is one of 930 electric co-ops
serving more than 36 million members in 47 states.
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AES Distributed Energy, Inc.Media Contact:Brandi Davis-Handy,
317-261-8423brandi.davishandy@aes.com
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