Renewable Energy World Announces the 2015 Project of the Year

At last night’s PennWell Awards Ceremony, Invenergy’s Grand Ridge Energy Storage Project was named the Renewable Energy Project of the Year.

As more and more intermittent renewables come online in the developed world, the business case for energy storage becomes more and more defined. In 2012 transmission operator PJM recognized the value of energy storage in the secondary market for frequency regulation and today the region has more than half of the energy storage installed capacity in the U.S.