Two large-scale battery energy storage systems, each providing 20 megawatts of power and 80 megawatt-hours of energy storage, are now online on the East Coast of Virginia.

Funded by Climate First Bank and developed in collaboration with Patterson Enterprises and battery manufacturer Great Power, this investment will enhance the resilience of the power grid and the sustainability of the communities in Exmore and Tasley.

The LiFePO4 BESS project supports the Virginia Clean Economy Act's goal of achieving 100% clean energy by 2050, and generates profits through energy arbitrage by storing electricity during periods of abundant supply and releasing it during peak demand periods.

"In our years of business activities, we have never been involved in a project more important or exciting than battery energy storage projects," said Harold Patterson, CEO of Patterson Enterprises. "The US power grid now needs energy storage more than ever before, and this demand will only become more severe as industries develop and electricity consumption increases to meet the growing demand. We are passionate about the work we do and proud to collaborate with visionary institutions like Climate First Bank, which shares our commitment to a sustainable energy future.". ”

These projects will help prevent power outages and voltage drops during peak usage periods, reduce fluctuations in electricity rates for residents and businesses, and provide voluntary donations totaling $200,000 to local and regional charitable organizations.