Lockheed Martin Delivers Energy Storage Systems to Cypress Creek Renewables for Solar-Plus-Storage Projects
Lockheed Martin (NYSE: LMT) and Cypress Creek Renewables have commissioned 12 MWh of GridStar™ Lithium energy storage systems for 12 solar-plus-storage projects. The solar-plus-storage system will provide clean electricity to communities served by Brunswick Electric Membership Corporation (EMC) in southeastern North Carolina.
Lockheed Martin’s GridStar™ technology ensures that this power is rapidly dispatchable — a key benefit that allows Brunswick EMC to avoid peaking costs and pass the savings to its member-owners in Brunswick and Columbus Counties, as well as small areas of Robeson and Bladen Counties.
“These projects provide solar energy to our members and compound the value by delivering it exactly when we need it,” said Don Hughes, CEO/general manager of Brunswick EMC. “This collaboration will provide significant value to our members for years to come.”
These 12 solar-plus-storage projects represent the first set of battery storage projects developed, constructed, financed and commissioned by Cypress Creek. Cypress Creek acquired the projects from United Renewable Energy (URE), the initial developer of the projects.
“We are approaching a point where many newly originated solar projects will become solar-plus-storage by default,” said Brian Knowles, director of energy storage, Cypress Creek Renewables. “Cypress Creek Renewables is proud to collaborate with Lockheed Martin and URE to provide Brunswick EMC with a dynamic solar product that is able to respond to changing conditions on the grid or in energy markets.”
Roger Flanagan, director for Lockheed Martin Energy, added, “We are pleased to support Cypress Creek Renewables’ innovative solar-plus-storage projects. Energy storage is key to unlocking the true potential of renewable energy generation.”
Lockheed Martin’s GridStar™ Lithium energy storage systems are compact, easy to install, and scalable for 100 kW to multi-MW projects. GridStar™ system architecture consists of modular, purpose-built energy storage units that contain batteries, local controls software and all required balance-of-system components. The systems are certified to UL 9540 standards, a key certification for product safety for energy storage systems and equipment.
About Cypress Creek Renewables
Cypress Creek Renewables is a leading renewables developer and independent power producer. It develops, finances, owns, and operates utility-scale and distributed solar and energy storage projects across the United States with a mission to power a sustainable future, one project at a time. Since inception, Cypress Creek has developed 12GW of solar projects. Today it owns more than 2GW of solar and has a more than 20GW solar and storage pipeline. Cypress Creek’s leading O&M services business, Cypress Creek Solutions, operates and maintains more than 4GW of solar projects for customers across 24 states.