A battery energy storage system. (Source: Shutterstock)
Energy storage provider Torus will provide 26 megawatt hours of energy storage capacity across a portion of real estate developer Gardner Group’s portfolio, equivalent to powering nearly 1,000 homes for a full day.
Under a landmark deal, Torus will install its Torus Station energy storage and management system at Gardner’s multiple properties, the company announced May 29.
The Torus Stations will integrate “advanced” battery and flywheel energy storage systems with Torus’ software platform.
Torus said the integration enables energy management and demand response capabilities and connects renewable energy sources and electric vehicle charging infrastructure.
The systems will be manufactured at Torus’ South Salt Lake City, Utah, facility and are expected to begin installation in fourth-quarter 2024 with completion by first-quarter 2026.
"Partnering with Torus allows us to optimize our energy management, reduce our carbon footprint and provide enhanced value to our tenants,” said Christian Gardner, CEO of Gardner Group. “We look forward to the positive impact this project will have on our properties and the broader community.”
Recommended Reading
SandRidge Recasts Management with New Chairman, CFO
2024-10-03 - SandRidge Energy has appointed Vincent Intrieri as chairman to succeed Jonathan Frates, who will transition to the role of executive vice president and CFO.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
TC Energy Completes Spinoff of Liquids Pipeline Business South Bow
2024-10-01 - South Bow Corp. will commence trading on the Toronto Stock Exchange on Oct. 2.
No Shortage of Capital, Shortage of Investable Low-carbon Projects
2024-09-30 - Investors are looking to the bankability equation—sustainability plus guaranteed returns—and finding that the energy transition’s problem is not a shortage of capital, but a shortage of investable projects.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.