This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AES To Expand Energy Storage Presence In PJM Market With First Advanced Energy Storage Facility In Ohio

Stocks in this article: AES

For Ohio, the Tait project brings a multi-million dollar investment in a cutting-edge technology that can displace power generation from inefficient or retiring plants, reduce overall system emissions, and create construction jobs and tax revenue in the Dayton region.

With this storage array in particular, AES is leveraging the mobility and scalability inherent in battery-based grid resources to quickly deploy resources that rapidly meet the needs of any given market. The 40 MW storage resource will consist of 24 MW from AES inventory with the remaining 16 MW coming from an existing AES facility, which the company is relocating to Ohio.

“We’ve designed our business model in a way that allows us to quickly evaluate and respond to changing market needs,” said Chris Shelton, President, AES Energy Storage. “We can make decisions on where we locate battery storage to optimize service across markets. Physically moving an asset to where it’s needed most hasn’t been possible with traditional power generation and load resources, so it’s exciting to be able to do this with energy storage assets.”

The DP&L Tait station’s generating turbines, operated by DP&L and DPL Energy, LLC, are used during times of peak electricity demand in the summer. The new project will connect through the station but will have an independent agreement with PJM. Unlike conventional resources, the Tait battery facility does not require water to operate and will not produce direct emissions.

The new array will bring AES’ total energy storage fleet to 174 MW of power plant equivalent flexibility resource, serving customers in the United States and South America

For more information, please visit www.aesenergystorage.com.

About AES Energy Storage

AES Energy Storage is a subsidiary of the AES Corporation (NYSE: AES), a company that has served utility customers around the world for 30 years, helping them to deliver safe, reliable power. The company is a leader in commercial energy storage partnerships, which enable utilities, power markets and renewable developers to manage projects from concept to operation. The company’s energy storage solutions unlock value from existing power infrastructure, liberating reserve capacity, enabling renewable facilities to generate new revenue streams, improving flexibility and reliability of the power system, and meeting peak power demand. With 150 MW of resources online, AES Energy Storage has the largest fleet of battery-based storage assets in commercial operation today. The company has over 1,000 MW in development with prospects in the US and abroad. To learn more, please visit www.aesenergystorage.com or @aes_es on Twitter.

About The Dayton Power and Light Company and DPL Inc.

The Dayton Power and Light Company is the principal subsidiary of DPL Inc., a regional energy company.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,949.55 +144.75 0.81%
S&P 500 2,077.32 +6.67 0.32%
NASDAQ 4,779.3790 +13.9990 0.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs