Eversource Energy (NYSE: ES), a leader in delivering electricity and natural gas, has recently achieved a significant milestone by securing federal grant funding for a major infrastructure project designed to harness the power of offshore wind.
The U.S. Department of Energy's Grid Innovation Program has awarded the company $89 million for the Huntsbrook Offshore Wind (OSW) Hub. This project is poised to play a pivotal role in improving grid reliability and expediting the integration of renewable energy across New England.
The Huntsbrook OSW Hub, located in southeastern Connecticut at Huntsbrook Junction in Montville, has ambitious plans to construct a new 345 kV switching station. The infrastructure is set to support the delivery of a substantial 2,400 megawatts of offshore wind, showcasing Eversource's commitment to bolstering the region's renewable energy capabilities.
This project is not just about providing cleaner energy; it is also about economic revitalisation and job creation. The University of Connecticut spearheaded an analysis which projects the creation of thousands of jobs. It anticipates cost savings for ratepayers courtesy of lower electric costs and marks the establishment of the Connecticut Institute for Clean Energy. This institute is a stride forward in expanding the sustainable energy workforce in the area.
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Eversource's proven expertise in building offshore wind project infrastructures, such as South Fork Wind, Revolution Wind, Sunrise Wind, and Eversource's Cape Cod Solution, brings a level of assurance and reliability to this venture. With plans to commence development and submit permit requests for the Huntsbrook Offshore Wind Hub by late 2024, construction is expected to kick off in 2028 and conclude by 2031.
Moreover, Eversource's reputation precedes them as one of America's Most Responsible Companies. The organization supplies electricity and natural gas to approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire. Their dedication to a clean energy future is evident not only in their offshore wind endeavors but also in their diverse programs that encompass energy efficiency, geothermal pilot projects, solar energy, electric vehicles, and battery storage.
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Eversource's strive towards a clean energy future is undoubtedly significant for New England. This federal investment attests to the potential of renewable energy to reshape the region’s power landscape while contributing to economic growth and environmental stewardship. As the project moves forward, it holds the promise of creating a more resilient and sustainable energy grid, positioning southeastern Connecticut at the forefront of the green energy transition.
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