RENEW and Kinsley Partner to Develop $100 Million Energy Storage Solutions in the Northeast US

RENEW Energy Partners and Kinsley Energy Systems join forces to deploy battery storage systems, with $100 million in projects underway in the US Northeast, providing commercial and industrial enterprises with turnkey solutions to optimise energy costs and enhance operational resilience.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

RENEW Energy Partners, a leader in capital solutions for decarbonisation, has partnered with Kinsley Energy Systems, a 60-year veteran in on-site power generation, to deploy Battery Energy Storage Systems (BESS) in the Northeast United States. The partnership is focused on developing projects worth $100 million, targeting commercial and industrial enterprises looking to integrate energy storage solutions into their operations.

An Integrated Offering for Businesses

The collaboration offers a comprehensive, end-to-end solution combining financing, technical expertise, and operational support. RENEW provides funding and project management, enabling businesses to adopt battery storage technology without upfront capital investment or operational risk. Meanwhile, Kinsley handles installation and long-term maintenance, ensuring reliable system performance. This integrated approach is designed to simplify the adoption of BESS for large energy consumers, removing the complexities typically associated with energy projects.

Leaders Committed to the Energy Transition

Charlie Lord, Principal of RENEW, expressed enthusiasm about the partnership, highlighting that Kinsley’s experience and reputation for excellent service ensure that clients will receive top-tier support. David Kinsley, President of Kinsley, also emphasized the complementarity of the collaboration, particularly RENEW’s ability to address the financial challenges faced by businesses pursuing battery storage options. Together, they anticipate numerous opportunities to streamline BESS adoption and accelerate the transition to cleaner energy.

Concrete Benefits for Businesses

Commercial and industrial businesses are encouraged to explore the benefits of this partnership with experts from both RENEW and Kinsley. As the energy transition continues, these solutions offer opportunities to reduce energy costs and carbon footprints. Additionally, integrating energy storage systems can strengthen businesses’ operational resilience in the face of grid fluctuations.

A Growing Market

The market for Battery Energy Storage Systems is expanding rapidly, driven by declining battery costs and the increased production of renewable energy. According to an analysis by McKinsey, the global BESS market could reach between $120 billion and $150 billion by 2030. This trend underscores the growing importance of storage solutions in the energy transition and the modernization of electricity infrastructure.

Looking Ahead

As demand for energy storage continues to rise, the RENEW-Kinsley initiative could serve as a model for other partnerships within the sector. The ability to offer a turnkey solution combining technical expertise and financing presents a significant advantage for companies looking to modernize their energy infrastructure without assuming direct financial risks.

The Japanese developer has commissioned a storage unit in Karatsu and plans to deploy 80 facilities by the end of 2026, relying on agreements with local governments and industrial partners.
Energy Plug, Malahat Battery Technology and Quantum eMotion sign strategic agreement to develop quantum-secured energy storage systems, including a NATO-aligned defence initiative.
Greenflash Infrastructure has finalised the acquisition of Rock Rose, a 200 MW energy storage project located in Fort Bend County, to strengthen its ERCOT market portfolio.
SALA Energy commissions its first grid-scale battery storage facility using sodium-sulfur batteries, supported by both public and private financing.
Utility-scale battery storage system costs continue to fall across Asia-Pacific, but the pace of reductions is expected to slow significantly by 2029, according to Wood Mackenzie projections.
StarCharge has secured a 500MWh energy storage order through a strategic agreement with ENERGY INVESTMENT LLC, strengthening its position in rapidly evolving Eastern European markets.
The Vilvoorde site in Belgium now hosts 400 MWh of operational capacity on a total 800 MWh project, marking a key milestone for electricity storage on the continent.
Idemitsu Kosan has commissioned a 15MW/48MWh energy storage facility in Himeji, marking the start of its deployment in grid-scale storage with Japanese public funding.
The Australian government awarded contracts to 20 renewable and storage projects, surpassing the initial 6GW goal under the fourth round of the Capacity Investment Scheme.
The Padua Complex will deliver 400 MW/1.8 GWh capacity with Tesla's support, at a strategic node of the Texas grid, following legislative action to strengthen energy reliability.
Salt River Project will partner with ESS to install a 50 MWh long-duration energy storage system in Pinal County as part of its capacity expansion plan to meet rising demand.
GoldenPeaks Capital and Envision have signed a memorandum of understanding to deploy up to 1 GWh of next-generation battery energy storage systems across several European markets.
Singapore’s Durapower and Turkish industrial firm Kıvanç have signed an agreement to form a joint battery production venture targeting growing North American demand.
Norwegian-based Kyoto has launched a 56 MWh thermal storage system at KALL Ingredients in Hungary, designed to replace natural gas with renewable-based industrial heat.
US-based startup Base Power secures $1bn in Series C funding to boost domestic energy equipment production and expand its distributed storage platform nationwide.
Clean Energy Technologies has signed a letter of intent to lead multiple battery energy storage system projects across New York State, with each site planned for 5 MW of capacity.
The Hagersville Energy Storage Park, led by Boralex and SNGRDC, was awarded for its planned 300 MW capacity, making it Canada’s largest battery storage site.
Nala Renewables strengthens its position in Finland with the acquisition of a battery energy storage portfolio exceeding 250 MW from Swiss developer Fu-Gen AG.
The Japanese group has started construction of a 20MW battery energy storage system in Hokkaido, aiming for commissioning in 2027 with support from PowerX and Kyocera Communication Systems.
Nightpeak Energy has launched commercial operations of Bocanova Power, a 150 MW battery storage facility near Houston, to meet rapidly growing energy demand in Texas.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.