What is Flatiron Energy's 300 MW battery storage project?

Flatiron Energy's groundbreaking 300-MW battery storage project in Boston aims to enhance reliability and champion environmental justice by 2028. Powering a greener future starts here! Flatiron Energy has received approval from ISO New England for a 300-MW/1,200-MWh battery energy storage system in Boston, Massachusetts.

Who makes a solid-state battery?

Factorial Energy manufactures solid-state batteries that allow electric vehicles to drive 50 percent longer than conventional lithium-ion batteries, according to the company. The Woburn-based company launched from stealth last year and has raised $240 million, including a $200 million Series D in January.

Could Boston-area battery companies power electric cars and smart grids?

Formed out of research at MIT, Worcester Polytechnic Institute and other nearby research institutions, these companies are developing technology that could power electric vehicles and smart grids of the future. Venture capital firms are betting big on Boston-area battery companies, too.

Are venture capital firms betting on Boston-area battery companies?

Venture capital firms are betting big on Boston-area battery companies, too. In fact, three local battery businesses raised funds in October and now plan to supercharge their operations.

How will energy storage impact the northeast?

Energy storage will bring $3.4b in societal benefits to the Northeast by 2030. Adding energy storage to the electric grid enables a 32% reduction in emissions. 3 GW of storage can increase the Northeast’s the ability to meet higher demand by over 300%. Storage projects can reduce up to 1,800 tons of NOx emissions per day in a city like New York.

What are the benefits of a battery storage system?

Here are some key points to consider: Enhanced Grid Stability: The 300-MW/1,200-MWh capacity of the battery storage system is expected to improve grid reliability and stability, particularly during peak demand times or unexpected outages. This helps to stabilize the electricity supply in the Greater Boston area.