• Completed acquisition of 1,633 megawatt (MW) portfolio of thermal generating assets in Massachusetts (Canal) and Maine (Bucksport) that will serve as platforms for facilitating new clean energy technologies
• Signed memorandum of understanding (MOU) with Zenobe for developing battery storage projects in New York and New England that will support implementation of renewables
JERA Americas, the Houston-based subsidiary of global energy leader JERA, has made progress on its efforts to support a transition to a cleaner energy economy.
Canal and Bucksport Generating Facilities Acquisition
JERA Americas closed on its acquisition of a 1,633 megawatt (MW) thermal power portfolio in New England: Canal 1 (566 MW), Canal 2 (559 MW) and Canal 3 (333 MW) in Sandwich, Mass. and Bucksport (175 MW) in Bucksport, Maine.
Canal, with its location on Cape Cod, can serve as a critical site for enabling offshore wind using existing infrastructure. Bucksport, with its existing transmission interconnection, can also serve as a link for renewables to connect with the electric grid.
“Using existing large-scale power projects that do not require construction of new power transmission networks is an important part of aiding a clean transformation in New England,” said Steven Winn, JERA Americas Chief Executive Officer. “We are committed to transitioning the existing units to greener forms of energy as well as employing the attributes of the sites to enable renewable energy development in New England.”
Zenobe Battery Projects MOU
JERA Americas has entered into an agreement with Zenobe, a leading international EV fleet and battery storage specialist, to develop battery storage projects. The companies will work together to develop utility-scale, grid-connected, standalone and hybrid battery storage projects in both New York and New England to underpin renewable energy adoption. The companies will also look to identify other opportunities across the US, including co-location of battery storage and renewable energy technologies, and battery development acquisitions.
“Developing battery storage projects with Zenobe provides us with an additional solution to help support a robust rollout of renewable and clean energy technology projects where they are most needed, said Winn. “We will continue to pursue commercially viable decarbonization paths including battery storage solutions with Zenobe, large scale renewable projects, blending hydrogen in gas turbines, and using low carbon biofuels in place of traditional fuels.”
JERA Americas, and its parent company JERA, plan to achieve net zero CO2 emission electricity by 2050 and have accelerated progress toward that goal. In the past year, JERA Americas has achieved substantial progress constructing a 300 MW wind power project in TX and announced hydrogen blending projects at natural gas generation facilities in the northeastern US. The Company also announced it is collaborating with ConocoPhillips on a proposed facility on the US Gulf Coast. If constructed, the facility would produce hydrogen and convert it to clean ammonia. Potential long-term customers could include JERA and Uniper. The goal of the proposed project would be to accelerate the production and supply of low-carbon fuels for domestic and international use.