Your cart is currently empty!
Eversource acquires property in Massachusetts for potential interconnection hub
© Shutterstock
Eversource acquired a 26-acre portion of the Mystic property in Massachusetts from Constellation Energy for potential use as a multi-use energy interconnection hub for large-scale renewable energy sources
While Eversource has not developed specific plans for the site at this time, its strategic location, historic use, and existing infrastructure position it as a potential interconnection hub for onshore or offshore wind, hydro, battery storage and nuclear among others.
Over the coming year, Eversource will collaborate closely with Massachusetts and Everett officials and other stakeholders to develop a plan for the property, which is adjacent to the site of the proposed soccer stadium in Everett.
“With its strategic location, flexibility, and existing infrastructure, this site is one of the most promising, multi-use interconnection points for large-scale renewable energy in New England – representing a one-of-a-kind opportunity to support our shared energy goals, spur economic development and help create jobs,” Eversource Chairman, President and CEO Joe Nolan said. “Purchasing this site will allow us to transform it into a premier energy interconnection hub that enhances reliability for the entire New England region, building on Massachusetts’ reputation as a national leader with its collaborative approach to the ongoing energy transition. We are eager to work with the local community, state officials and other key stakeholders to develop innovative plans for the property that will deliver carbon-free energy to customers as part of a reliable, equitable, and cost-effective energy future for our region.”
The acquisition represents an opportunity to enhance electric grid reliability, improve affordability by address expected future congestion on the regional transmission system.
Eversource is committed to engaging key stakeholders to develop a co-optimized transmission solution with collective buy-in that addresses multiple needs.
Eversource, a leading energy company in Massachusetts, has recently acquired a prime piece of property in the state for the development of a potential interconnection hub. This strategic move marks a significant step forward in the company’s efforts to enhance its energy infrastructure and support the growing demand for renewable energy sources in the region.
The newly acquired property, located in a key location in Massachusetts, is expected to serve as a central hub for connecting renewable energy projects to the grid, facilitating the integration of solar, wind, and other clean energy sources into the state’s power system. This development is part of Eversource’s broader commitment to promoting sustainability and reducing carbon emissions in the region.
By establishing this interconnection hub, Eversource aims to improve the efficiency and reliability of the state’s energy grid, while also creating new opportunities for renewable energy developers to connect their projects to the grid. This investment is seen as a positive step towards achieving Massachusetts’ ambitious clean energy goals and transitioning to a more sustainable energy future.
Overall, Eversource’s acquisition of this property underscores the company’s dedication to advancing clean energy solutions and supporting the transition to a low-carbon economy in Massachusetts. Stay tuned for more updates on this exciting development and its potential impact on the state’s energy landscape.
Tags:
Eversource, Massachusetts, property acquisition, interconnection hub, renewable energy, utility company, infrastructure development, clean energy, grid expansion.
#Eversource #acquires #property #Massachusetts #potential #interconnection #hub
Leave a Reply