GE announces first solar+storage projects since renewable business restructuring

GE Renewable Energy announced on April 15 that it reached an agreement with Helios Energy to develop two energy storage systems as part of the Lenox Solar/Energy Storage project in upstate New York. The hybrid system in Lenox, New York will be installed at the end of the year and is set to be commercially operational in the second quarter of 2020, according to a statement. The solar+storage project is the latest development in General Electric's ongoing restructuring of its renewable energy business. The New York project is General Electric's first hybrid solar+storage project since announcing its internal reorganization in late January. Once completed, the project will provide the state with dispatchable renewable energy. The battery systems will store energy generated by the solar PV arrays during daylight hours, allowing the site to meet power requirements during other peak demand periods, according to a company statement.