Eversource Secures Federal Funding for Offshore Wind Hub in Southeastern Connecticut in Collaboration with New England States
Eversource Energy's Huntsbrook Offshore Wind (OSW) Hub project has been awarded $89 million in federal grant funding through the U.S. Department of Energy's Grid Innovation Program. The project is part of the Power Up New England portfolio, which received a total of $389 million in funding. The Huntsbrook OSW Hub will construct a new 345 kV switching station in Montville, Connecticut, creating a point of interconnection for future offshore wind developers to deliver 2,400 megawatts of offshore wind power.
The project is expected to create thousands of high-quality jobs and provide savings for Connecticut ratepayers. Eversource has committed $4 million to establish the Connecticut Institute for Clean Energy at UConn and $1 million for community benefits. Construction is anticipated to begin in 2028 and continue through 2031, pending necessary permits.
Il progetto Huntsbrook Offshore Wind (OSW) Hub di Eversource Energy ha ricevuto un finanziamento federale di 89 milioni di dollari attraverso il Programma di Innovazione della Rete del Dipartimento dell'Energia degli Stati Uniti. Il progetto è parte del portafoglio Power Up New England, che ha ricevuto un finanziamento totale di 389 milioni di dollari. L'Huntsbrook OSW Hub costruirà una nuova stazione di commutazione da 345 kV a Montville, Connecticut, creando un punto di interconnessione per i futuri sviluppatori di energia eolica offshore per fornire 2.400 megawatt di energia eolica offshore.
Si prevede che il progetto creerà migliaia di posti di lavoro di alta qualità e offrirà risparmi per i contribuenti del Connecticut. Eversource ha impegnato 4 milioni di dollari per stabilire l'Istituto per l'Energia Pulita del Connecticut presso l'UConn e 1 milione di dollari per benefici alla comunità. Si prevede che la costruzione inizi nel 2028 e prosegua fino al 2031, in attesa dei necessari permessi.
El proyecto Huntsbrook Offshore Wind (OSW) Hub de Eversource Energy ha sido galardonado con 89 millones de dólares en financiación de subvenciones federales a través del Programa de Innovación en Redes del Departamento de Energía de los Estados Unidos. El proyecto es parte de la cartera Power Up New England, que recibió un financiamiento total de 389 millones de dólares. El Huntsbrook OSW Hub construirá una nueva estación de conmutación de 345 kV en Montville, Connecticut, creando un punto de interconexión para que futuros desarrolladores de energía eólica marina entreguen 2.400 megavatios de energía eólica marina.
Se espera que el proyecto cree miles de empleos de alta calidad y proporcione ahorros a los consumidores de Connecticut. Eversource se ha comprometido a destinar 4 millones de dólares para establecer el Instituto de Energía Limpia de Connecticut en UConn y 1 millón de dólares para beneficios comunitarios. Se anticipa que la construcción comience en 2028 y continúe hasta 2031, pendientes de los permisos necesarios.
Eversource Energy의 헌츠브룩 해상 풍력(OSW) 허브 프로젝트가 미국 에너지부의 그리드 혁신 프로그램을 통해 8천9백만 달러의 연방 보조금을 수상했습니다. 이 프로젝트는 총 3억8천9백만 달러의 자금을 받은 파워 업 뉴 잉글랜드 포트폴리오의 일환입니다. 헌츠브룩 OSW 허브는 코네티컷 주 몬트빌에 새로운 345 kV 변전소를 건설하여 미래의 해상 풍력 개발자가 2,400메가와트의 해상 풍력 전력을 공급할 수 있는 연결 지점을 만듭니다.
이 프로젝트는 수천 개의 고품질 일자리를 창출하고 코네티컷 세금 납부자에게 절약을 제공할 것으로 예상됩니다. Eversource는 UConn에 코네티컷 청정 에너지 연구소를 설립하기 위해 400만 달러를 기부하고, 지역 사회 혜택에 100만 달러를 지원할 것을 약속했습니다. 건설은 2028년에 시작되어 2031년까지 진행될 것으로 예상되며, 필요 허가가 선행되어야 합니다.
Le projet Huntsbrook Offshore Wind (OSW) Hub d'Eversource Energy a reçu 89 millions de dollars de financement fédéral grâce au programme d'innovation du réseau du département américain de l'Énergie. Ce projet fait partie du portefeuille Power Up New England, qui a reçu un financement total de 389 millions de dollars. Le Huntsbrook OSW Hub construira une nouvelle station de commutation de 345 kV à Montville, Connecticut, créant un point d'interconnexion pour les futurs développeurs d'énergie éolienne en mer afin de fournir 2 400 mégawatts d'énergie éolienne offshore.
Ce projet devrait créer des milliers d'emplois de haute qualité et offrir des économies aux consommateurs du Connecticut. Eversource s'est engagé à investir 4 millions de dollars pour établir l'Institut Connecticut pour l'énergie propre à l'UConn et 1 million de dollars pour des avantages communautaires. La construction devrait commencer en 2028 et se poursuivre jusqu'en 2031, sous réserve des autorisations nécessaires.
Das Projekt Huntsbrook Offshore Wind (OSW) Hub von Eversource Energy hat 89 Millionen Dollar an Fördermitteln des Bundes über das Innovationsprogramm des U.S. Department of Energy erhalten. Das Projekt ist Teil des Portfolios Power Up New England, das insgesamt 389 Millionen Dollar an Finanzmitteln erhalten hat. Der Huntsbrook OSW Hub wird eine neue 345-kV-Umspannstation in Montville, Connecticut, bauen, die einen Anschluss für zukünftige Offshore-Windentwickler schafft, um 2.400 Megawatt Offshore-Windstrom zu liefern.
Es wird erwartet, dass das Projekt Tausende von hochwertigen Arbeitsplätzen schafft und den Verbrauchern in Connecticut Einsparungen bietet. Eversource hat 4 Millionen Dollar verpflichtet, um das Connecticut Institute for Clean Energy an der UConn zu gründen, sowie 1 Million Dollar für Gemeinschaftsleistungen. Der Baubeginn wird für 2028 erwartet und die Arbeiten sollen bis 2031 fortgesetzt werden, vorbehaltlich der Genehmigungen.
- Secured $89 million in federal grant funding for the Huntsbrook OSW Hub project
- Project will enable delivery of 2,400 megawatts of offshore wind power
- Expected to create thousands of high-quality jobs
- Projected savings for Connecticut ratepayers through lower wholesale electric costs
- $4 million commitment to establish the Connecticut Institute for Clean Energy at UConn
- $1 million allocated for direct community benefits
- Lengthy permitting process expected to last through 2027
- Construction not anticipated to begin until 2028
The $89 million federal grant for Eversource's Huntsbrook Offshore Wind Hub project is a significant boost for the company's clean energy initiatives. This funding, part of a larger $389 million award for the Power Up New England portfolio, demonstrates strong government support for renewable energy infrastructure. The project's potential to connect 2,400 megawatts of offshore wind power could substantially increase Eversource's clean energy capacity and potentially its revenue streams in the long term.
Investors should note the projected economic benefits, including job creation and ratepayer savings, which could enhance Eversource's reputation and market position. The
The Huntsbrook OSW Hub project represents a critical piece of infrastructure for the Northeast's energy transition. By creating a new point of interconnection for offshore wind, Eversource is positioning itself as a key player in the region's renewable energy future. The use of existing utility property and rights of way is a smart move, potentially expediting the project and minimizing environmental impacts.
The project's 345 kV switching station is well-suited for large-scale wind integration, addressing a major bottleneck in offshore wind development. Eversource's experience with similar projects, like South Fork Wind and Revolution Wind, provides valuable expertise. However, the complex nature of such large-scale infrastructure projects often leads to delays and cost overruns, which investors should monitor closely. The project's success could position Eversource as a leader in offshore wind infrastructure, potentially opening up new business opportunities beyond its current service areas.
This project aligns well with both federal and state-level clean energy goals, particularly Connecticut's carbon reduction targets. The DOE's substantial funding through the Grid Innovation Program indicates strong policy support for such initiatives. The Huntsbrook OSW Hub could play a important role in accelerating the integration of offshore wind into the New England grid, potentially helping to meet or exceed regional renewable energy mandates.
The establishment of the Connecticut Institute for Clean Energy at UConn, with a focus on diversity and inclusion, demonstrates Eversource's commitment to the Justice40 Initiative. This aligns with growing ESG concerns among investors and could enhance the company's sustainability profile. However, the project may face scrutiny from environmental groups concerned about impacts on marine ecosystems. Eversource will need to navigate these challenges carefully to maintain its reputation as a responsible corporate citizen and avoid potential regulatory hurdles or project delays.
Site of proposed Huntsbrook Offshore Wind Hub (Graphic: Business Wire)
The Huntsbrook OSW Hub project consists of constructing a new 345 kV switching station in southeastern
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The Huntsbrook OSW Hub builds upon Eversource’s successful track record of building the infrastructure necessary to enable offshore wind projects to safely and reliably connect to the electric grid in the Northeast. Eversource led the transmission construction for South Fork Wind in Long Island,
Eversource expects to develop and submit requests for necessary permits for the Huntsbrook Offshore Wind Hub starting in late 2024 with review processes that could last through 2027. Pending receipt of all necessary permits per phase of work, the company anticipates construction to commence in 2028 and continue through 2031.
Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is among the top energy companies in Newsweek’s list of America’s Most Responsible Companies for 2024 and recognized as a Five-Year Champion, appearing in every edition of the list. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240819925404/en/
William Hinkle
603-634-2228
william.hinkle@eversource.com
Source: Eversource Energy
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