October 1, 2018 Read More →

Con Ed, Johnson Controls launch storage JV

Renewables Now:

Consolidated Edison Inc., or Con Edison, announced today that its clean energy arm will create an energy storage joint venture with Johnson Controls International Plc.

The purpose of this move is to expand the market for the technology developed over the past several years by Johnson Controls, the announcement says.

Consolidated Edison Solutions Inc, which is a unit of Con Edison Clean Energy Businesses Inc, will be the majority owner of the new company and will act as the operating partner. On the other hand, Johnson Controls will contribute its intellectual property (IP) for battery management systems and controls.

“Energy storage will play a growing role in the coming years and this arrangement is a natural fit with our renewable energy and energy management offerings,” commented Mark Noyes, president and CEO of Con Edison Clean Energy Businesses.

Under the terms of the JV deal, Con Edison Solutions will be the exclusive provider of battery energy storage to customers of Johnson Controls.

More: Con Edison forms energy storage JV with Johnson Controls

Comments are closed.