Atlantic City Electric Proposes 500 MW Battery Storage Project in New Jersey
Atlantic City Electric has proposed a 500-MW battery storage facility in Salem County, targeting to power 400,000 homes during peak demand. The project aims to enhance grid reliability and is expected to have no customer bill impact for the first five years post-commissioning.
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Atlantic City Electric seeks approval from the New Jersey Board of Public Utilities to construct a 500-megawatt battery storage facility in Salem County. The project aims to store excess electricity for use during peak demand, potentially powering around 400,000 homes.
Completion is aimed for late 2030, with initial customer bills unaffected for five years. The initiative aligns with New Jersey's energy storage goals, complementing the Garden State Energy Storage Program.
The project will be developed in partnership with Invenergy, a major player in power infrastructure. Given rising demand and higher energy costs, this facility could mitigate volatility in wholesale energy prices and enhance overall grid resilience.
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