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.
