Ameresco and PIDC Partner on an Innovative Project at the Navy Yard in Philadelphia
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Ameresco, Inc., a leading energy efficiency and renewable energy company, announced that the company is partnering with PIDC, Philadelphia's public-private economic development corporation and master developer of the Navy Yard, for the comprehensive design, engineer, build, and long-term operation and maintenance of a new six megawatt (MW) natural-gas fired peaking plant that will anchor one of the largest private microgrids in the United States located at the Navy Yard in Philadelphia.
"The new natural gas plant is in line with the Navy Yard's passion and commitment to smart energy innovation and sustainability, and will help support the energy demand for the 1,200-acre urban business campus," said Prema Gupta, Senior Vice President, Navy Yard Planning, Development, and Operations at PIDC. "Ameresco will design and develop a project that not only addresses the Navy Yard's energy growth needs, reliability requirements, and cost targets, but can also provide back-up and resiliency support as required."
This multi-million-dollar peaking plant is anticipated to run during the Navy Yard's peak demand periods and during intervals of high-cost energy and capacity from the grid. By generating power during peak times, the project will allow PIDC to reliably meet the projected demand growth needs of the Navy Yard and its tenants. The plant will allow PIDC to participate in the PJM Ancillary Service Market and generate revenues to help offset the cost of the increased capacity.
"Ameresco is extremely proud of our partnership with PIDC and honored to be entrusted as a member of the Navy Yard energy team," said Michael T. Bakas, Senior Vice President, Ameresco. "As a key component of the Navy Yard's leading-edge microgrid, the plant will be capable of providing certain resiliency services and critical support in the event of extended grid outages in addition to shaving the peak load requirements of the microgrid. This role for Ameresco leverages its depth of experience at developing and operating comprehensive, distributed energy systems integrated into microgrids that serve mission critical facilities for resiliency and cost control purposes."