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Eversource acquires property in Massachusetts for potential interconnection hub
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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 property in the state with plans to develop it into a potential interconnection hub. This hub would serve as a crucial link between renewable energy sources and the electrical grid, allowing for more efficient and reliable transmission of power.
The acquisition of this property is a strategic move by Eversource to further invest in renewable energy infrastructure and support the state’s clean energy goals. By establishing an interconnection hub, Eversource aims to facilitate the integration of more renewable energy sources, such as solar and wind power, into the grid.
This development is a significant step towards a more sustainable and greener energy future for Massachusetts. Eversource’s commitment to expanding renewable energy infrastructure will not only benefit the environment but also help to reduce carbon emissions and support the state’s transition to clean energy.
Stay tuned for more updates on Eversource’s plans for the interconnection hub and how it will contribute to a cleaner and more sustainable energy landscape in Massachusetts.
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- Massachusetts energy infrastructure
- Eversource utility expansion
- Renewable energy hub
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