SolarBank Corporation, in collaboration with Viridi, has announced plans to construct a 3.06 MW ground-mounted solar project in Buffalo, New York, accompanied by a 1.2 MWh battery energy storage system (BESS). This initiative aims to repurpose a closed landfill into a valuable asset, offering clean energy to the local community. SolarBank will be the owner of the project, with Viridi supplying the battery storage system. The company has secured a lease for the site and is currently awaiting interconnection approval before commencing construction. Once permits and funding are in place, the facility will function as a community solar project.
Viridi’s cutting-edge battery solutions are at the forefront of this project, equipping lithium-ion battery packs with integrated fire suppression and anti-propagation technology to meet stringent safety standards. Their innovative design isolates each battery cell, preventing thermal runaway and minimizing potential risks. Backed by a top-tier management team, including former Global Chairman of Investment Banking from JP Morgan, Viridi is committed to delivering reliable and efficient energy storage solutions.
Community solar projects, such as the ones advanced by SolarBank in Skaneateles, New York, play a vital role in empowering local communities with access to renewable energy. These projects enable multiple participants to benefit from a single solar installation, receiving credits on their electricity bills for their share of solar power. By eliminating the need for individual installations, community solar projects offer a sustainable energy solution to a broader audience.
Battery storage technology is essential for the integration of renewable energy sources like solar and wind, providing a means to capture and store surplus electricity for later use. The global Battery Energy Storage System market is experiencing rapid growth, driven by advancements in technology and the increasing adoption of renewable energy. In 2024, the market was valued at approximately $7.8 billion, with projections indicating a significant rise to $25.6 billion by 2029, showcasing the sector’s potential for expansion.
The crucial role of battery storage in the energy transition is underscored by the increasing deployment of BESS installations globally. Notably, the market saw a 53% increase in global BESS installations in 2024, with lithium-ion technology dominating the grid-scale sector. The growing demand for energy storage solutions reflects the industry’s shift towards more sustainable and efficient practices.
Countries worldwide are ramping up their battery storage capacities to meet renewable energy targets, with China leading the market in BESS deployments. Europe and the United States are also making significant strides in expanding battery storage capacity, with projections indicating substantial growth in the coming years. The strategic partnership between SolarBank and Viridi exemplifies a shared commitment to advancing renewable energy solutions and addressing the challenges of energy intermittency.
SolarBank’s strategic expansion into battery storage aligns with its vision to enhance the reliability and efficiency of its renewable energy assets. By integrating advanced storage solutions into its solar systems, SolarBank aims to offer sustainable energy solutions to diverse communities across North America. The company’s proactive approach to addressing energy intermittency through solar and storage integration positions it as a key player in the renewable energy sector.
SolarBank’s partnership with Viridi exemplifies its dedication to pioneering new renewable energy solutions and transitioning towards a sustainable, low-carbon energy system. By repurposing a closed landfill into a productive solar and battery storage facility, SolarBank is not only providing clean energy to the Buffalo community but also contributing to the broader goal of a cleaner, more reliable energy system.
