Ormat Begins Operations of Montague Battery Energy Storage System in New Jersey

Ormat Technologies has commenced commercial operations at its 20MW Montague Battery Energy Storage System (BESS) in New Jersey, marking a significant addition to its portfolio in the U.S. energy storage sector. The Montague facility will provide ancillary services to the PJM Interconnection merchant market and is expected to qualify for a 30% Investment Tax Credit.

With Montague online, Ormat's total capacity within the PJM market reaches 120MW/120MWh. The project contributes to Ormat's broader strategy of expanding its presence in key U.S. markets while enhancing grid reliability and supporting the energy transition.

“We are pleased to announce the successful commencement of commercial operations at our Montague facility, which reflects our dedication to expanding our energy storage portfolio in strategic U.S. markets while also continuing to make progress in improving our profitability,” said Doron Blachar, CEO of Ormat.

Blachar highlighted Ormat's long-term goals, stating, “With the addition of Montague, Ormat now operates 290MW/658MWh of energy storage projects, and we have several additional projects currently under construction, demonstrating our strong development capabilities and commitment to achieving our 950MW-1050MW/2.5GWh-2.9GWh 2028 energy storage portfolio capacity target.

The Montague BESS is designed to enhance grid stability while contributing to the transition towards cleaner energy. The addition of the Montague project brings valuable ancillary services to the PJM market, enhancing the reliability of the grid while also supporting the transition to a cleaner energy future, Blachar added.

Ormat continues to strengthen its position in the renewable energy and energy storage sectors, aligning with national efforts to achieve sustainable energy goals and reduce reliance on fossil fuels.