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  1. Market Data
September 1, 2021

Lake Placid Solar Power Plant – Battery Energy Storage System, US

By Carmen

The Lake Placid Solar Power Plant – Battery Energy Storage System is an 18,000kW energy storage project located in Lake Placid, Florida, US.

The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2020 and will be commissioned in 2021.

Description

The Lake Placid Solar Power Plant – Battery Energy Storage System is being developed by Duke Energy Florida. The project is owned by Duke Energy Florida (100%), a subsidiary of Duke Energy.

The key applications of the project are renewables capacity firming and renewables energy time shift.

Contractors involved

Duke Energy Florida is the owner. Duke Energy Florida is the developer.

Additional information

The addition of battery energy storage to the utility-scale solar plant will be the first of its kind for Duke Energy Florida. It will allow solar energy to be dispatchable for Duke Energy Florida grid operators and improve overall plant efficiency.

About Duke Energy Florida

Duke Energy Florida, LLC (Duke Energy Florida), a subsidiary of Duke Energy Corp, is a regulated public utility. It carries out the generation, transmission, distribution and sale of electricity in Florida. The company operates diversified generation facilities utilizing coal, gas and oil. Duke Energy Florida’s power generation portfolio includes, fully owned and jointly owned power generation facilities. It operates low voltage, medium voltage and high voltage lines across Florida. The company serves residential, commercial, industrial and wholesale customers. Duke Energy Florida is headquartered in St. Petersburg, Florida, the US.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

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