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Harrison Vickers and Waterman signs lease for 20-MW energy storage development

Harrison Vickers and Waterman executed a new lease to develop a battery energy storage project of up to 20 MW in Connecticut. The lease is for a 10-year term with an option for an additional 10 years, according to a June 3 news release.

The company said it is in talks with a utility to co-develop the project with a strategy to use all incentives and revenue streams from ISO New England, Eversource Energy, the state of Connecticut and the Federal Energy Regulatory Commission.

"These discussions are in the early stages, but we are optimistic that we can come to an agreement this summer. We are also in discussions with another developer to acquire some or all of their projects," Harrison Vickers and Waterman CEO Christopher Harrison said.

Harrison Vickers and Waterman provides solutions to address grid stability in the energy markets.