About Cayman Islands utility scale battery storage cost
A new utility scale battery storage project could mean cheaper electricity bills and accelerate Cayman’s switch to renewable energy, regulators said Monday.
A new utility scale battery storage project could mean cheaper electricity bills and accelerate Cayman’s switch to renewable energy, regulators said Monday.
OfReg has today announced that it has approved a 20-Megawatt (MW) utility-scale battery energy storage project for CUC, paving the way for annual consumer savings of approximately CI$5 million.
Homes and businesses can expect up to $40 million in cost savings annually as the Cayman Islands begins its transition to renewable energy over the next few years, utilities boss Richard Hew.
(CNS): The utility regulator, OfReg, has approved a 20-megawatt utility-scale battery installation for Grand Cayman’s power provider, CUC, paving the way for the company to store renewable energy for back-up power at its North Sound Road plant. CUC said it could save customers a collective $5 million per year.
OfReg has today announced that it has approved a 20 -Megawatt (MW) utility -scale battery energy storage project for CUC, paving the way for annual consumer savings of approximately CI$5 million.
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