Ameresco, a renewable energy company, disclosed on Monday a partnership with PIDC, Philadelphia’s public-private economic development corporation and master developer of the Navy Yard.
The partnership is for a comprehensive design, engineer, build, and long-term operation and maintenance of a new six-megawatt (MW) natural-gas fired peaking plant, which will anchor one of the largest private microgrids in the US.
The multi-million-dollar 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 generate revenues to help offset the cost of the increased capacity., according to a company statement.