United States-based power generation developer, investor and operator NTE Energy has announced its plans to develop more than 5 GW of clean energy projects in the next five years. It is planning to develop a clean energy pipeline of 1.2 GW solar and 3.9 GW battery energy storage systems. The company expects 3 to 4 GW of these projects to come online by 2026.
Currently, NTE Energy has various under implementation renewable energy and energy storage assets that are in the early stages of development. Some of these projects will be located alongside new or existing thermal power projects for economic synergies. These projects are expected to come at ISO New England, Midcontinent Independent System Operator, Electric Reliability Council of Texas, New York Independent System Operator, Southeastern Electric Reliability Council, PJM Interconnection and Western Electricity Coordinating Council markets.
“Using highly efficient natural gas generation to complement intermittent renewable energy provides our customers with firm, low-cost energy,” said Steve Remen, NTE managing director of renewable energy resources. “By co-locating renewable projects with thermal generation, we can offer customers access to affordable renewable energy options backed up by reliable natural gas.”
Founded in 2009, NTE Energy has offices in Boston and Charlotte and headquarters in St. Augustine, Florida. The company is a developer of power generation facilities catering to all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation. It has developed, financed, constructed and commissioned 950 MW of generation projects in the past three years.