Calibrant Energizes Three Front-of-the-Meter Battery Storage Systems in New York, Unlocking Grid Relief and Corporate Value
The Westchester portfolio plays an important role in stabilizing the grid, especially during peak summer demand. Share
The Westchester portfolio plays an important role in stabilizing the grid, especially during peak summer demand—when electricity is most expensive and grid reliability is critical. In exchange for providing power when the grid needs it most and helping to reduce the need for costly new infrastructure, these projects are compensated through VDER bill credits that offset utility bills.
Unlocking Value for Corporate Customers
The Westchester systems showcase a novel commercial approach that enables large commercial and industrial customers to enjoy the financial benefits of distributed energy—without requiring them to host any infrastructure on-site. Calibrant secured 100% of the off-take through direct agreements with C&I customers, creating a pathway for large energy users to benefit from New York's VDER program. Contracted off-takers include CoreSite—a major data center operator—and a large hospital institution.
This model delivers meaningful bill savings and proves especially valuable for organizations with space constraints or permitting challenges that would otherwise prevent on-site energy deployment.
'CoreSite is pleased to collaborate with Calibrant through a long-term energy agreement that supports our energy management objectives while enhancing the reliability of the local electric grid serving our data centers in the New York area,' said Ben Garrard, Vice President of Power and Energy Management at CoreSite.
'We're proud to be a trusted partner in New York, delivering flexible grid assets that strengthen local communities,' said Phil Martin, CEO at Calibrant. 'Limited physical space at some customer sites can make on-site energy solution infeasible. In this case, we delivered an off-site configuration that still drives meaningful savings—a testament to our ability to find and deliver significant value, no matter the circumstances.'
The three battery systems were originally developed by New Leaf Energy and are fully owned and operated by Calibrant.
Supporting New York Communities
Beyond providing grid reliability and cost savings, these projects create long-term economic value for the communities in which they are located. Each project site owner receives 20-year annual lease payments, turning underutilized land into a stable income stream. The battery systems also contribute local taxes, supporting municipal budgets and essential public services.
The Westchester portfolio supports the State of New York's goal of deploying 6 GW of energy storage by 2030 and underscores Calibrant's leadership in deploying scalable, high-impact clean energy infrastructure in complex markets. The projects were made possible in part by support from NYSERDA's Retail Storage Incentive program and the Westchester County and Mount Pleasant Industrial Development Agencies.
About Calibrant Energy
Calibrant is a leading provider of on-site energy solutions for large power users. Calibrant develops, owns, and operates a diverse portfolio of distributed energy technologies including battery storage, solar, and microgrids. By combining innovative financing solutions with deep industry expertise, Calibrant empowers companies to achieve their energy goals faster, more economically, and more sustainably. As a Macquarie Asset Management portfolio company, Calibrant is backed by the world's largest infrastructure fund manager with $580+ billion in global assets. Learn more at CalibrantEnergy.com and on LinkedIn.
About CoreSite
CoreSite, an American Tower company (NYSE: AMT), is a leading interconnection data center platform that empowers businesses to future-proof their digital transformation initiatives. For more than 20 years, CoreSite's purpose-built, highly interconnected data center campuses and team of experts have delivered the cloud-enabled, resilient and flexible digital ecosystems required for customers to quickly scale and interoperate their businesses to support the increasing demands of critical workloads, like AI and high-density applications. For more information, visit CoreSite.com and follow CoreSite on our Connect[ED] blog, LinkedIn and YouTube channels.
Forward-Looking Statements
This press release contains statements about future events and expectations, or 'forward-looking statements,' all of which are inherently uncertain. We have based those forward-looking statements on management's current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information set forth under the caption 'Risk Factors' in Item 1A of American Tower's most recent annual report on Form 10-K, and other risks described in documents American Tower subsequently files from time to time with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
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Business Wire
06-08-2025
- Business Wire
Calibrant Energizes Three Front-of-the-Meter Battery Storage Systems in New York, Unlocking Grid Relief and Corporate Value
WESTCHESTER, N.Y.--(BUSINESS WIRE)--Calibrant, a leading provider of on-site energy solutions for large power users, has energized and begun generating Value of Distributed Energy Resources (VDER) credits from three front-of-the-meter battery energy storage systems in New York. Located across Westchester County, these systems utilize U.S.-manufactured battery systems to deliver a combined 13.5 MW / 55.7 MWh of dispatchable capacity to the Con Edison electric grid. The Westchester portfolio plays an important role in stabilizing the grid, especially during peak summer demand. Share The Westchester portfolio plays an important role in stabilizing the grid, especially during peak summer demand—when electricity is most expensive and grid reliability is critical. In exchange for providing power when the grid needs it most and helping to reduce the need for costly new infrastructure, these projects are compensated through VDER bill credits that offset utility bills. Unlocking Value for Corporate Customers The Westchester systems showcase a novel commercial approach that enables large commercial and industrial customers to enjoy the financial benefits of distributed energy—without requiring them to host any infrastructure on-site. Calibrant secured 100% of the off-take through direct agreements with C&I customers, creating a pathway for large energy users to benefit from New York's VDER program. Contracted off-takers include CoreSite—a major data center operator—and a large hospital institution. This model delivers meaningful bill savings and proves especially valuable for organizations with space constraints or permitting challenges that would otherwise prevent on-site energy deployment. 'CoreSite is pleased to collaborate with Calibrant through a long-term energy agreement that supports our energy management objectives while enhancing the reliability of the local electric grid serving our data centers in the New York area,' said Ben Garrard, Vice President of Power and Energy Management at CoreSite. 'We're proud to be a trusted partner in New York, delivering flexible grid assets that strengthen local communities,' said Phil Martin, CEO at Calibrant. 'Limited physical space at some customer sites can make on-site energy solution infeasible. In this case, we delivered an off-site configuration that still drives meaningful savings—a testament to our ability to find and deliver significant value, no matter the circumstances.' The three battery systems were originally developed by New Leaf Energy and are fully owned and operated by Calibrant. Supporting New York Communities Beyond providing grid reliability and cost savings, these projects create long-term economic value for the communities in which they are located. Each project site owner receives 20-year annual lease payments, turning underutilized land into a stable income stream. The battery systems also contribute local taxes, supporting municipal budgets and essential public services. The Westchester portfolio supports the State of New York's goal of deploying 6 GW of energy storage by 2030 and underscores Calibrant's leadership in deploying scalable, high-impact clean energy infrastructure in complex markets. The projects were made possible in part by support from NYSERDA's Retail Storage Incentive program and the Westchester County and Mount Pleasant Industrial Development Agencies. About Calibrant Energy Calibrant is a leading provider of on-site energy solutions for large power users. Calibrant develops, owns, and operates a diverse portfolio of distributed energy technologies including battery storage, solar, and microgrids. By combining innovative financing solutions with deep industry expertise, Calibrant empowers companies to achieve their energy goals faster, more economically, and more sustainably. As a Macquarie Asset Management portfolio company, Calibrant is backed by the world's largest infrastructure fund manager with $580+ billion in global assets. Learn more at and on LinkedIn. About CoreSite CoreSite, an American Tower company (NYSE: AMT), is a leading interconnection data center platform that empowers businesses to future-proof their digital transformation initiatives. 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For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information set forth under the caption 'Risk Factors' in Item 1A of American Tower's most recent annual report on Form 10-K, and other risks described in documents American Tower subsequently files from time to time with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
Yahoo
29-07-2025
- Yahoo
AI Keeps American Tower Growing
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Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends American Tower. The Motley Fool recommends the following options: long January 2026 $180 calls on American Tower and short January 2026 $185 calls on American Tower. The Motley Fool has a disclosure policy. AI Keeps American Tower Growing was originally published by The Motley Fool
CBS News
22-07-2025
- CBS News
New York is home to the country's 2 wealthiest suburbs, ranking finds. See which towns made the list.
There's a new report identifying the wealthiest suburbs in America, and a pair of communities just outside New York City are first and second on the list. a personal finance website, recently put out its ranking of the "50 Wealthiest Suburbs" in the country for 2025. The study looked at which suburbs have the highest average household incomes. Scarsdale is the country's wealthiest suburb for a second year in a row. The town that's home to about 18,000 people had an average household income of $601,193 for 2023, which was almost $200,000 more than any other suburb on the list. The average home value in Scarsdale is just over $1.2 million, according to the report. Coming in at No. 2 is another Westchester County community - Rye. Rye has an average household income of $421,259, and its average home value is actually more than Scarsdale at $1.875 million. The next NYC suburb on the ranking is No. 26, Tenafly, N.J., a borough in Bergen County that has an average household income of about $306,000 and home value of $1.28 million. Close behind at 28th is Summit, N.J. in Union County, which has an average household income of more than $304,000 and an average home value of $1.34 million. Rounding out the NYC suburbs represented on the list are Westfield, N.J. at No. 33 (average household income of $297,367), No. 34 Greenwich, Conn. ($297,081), No. 41 Ridgewood, N.J. ($288,861) and No. 46 Dix Hills, N.Y. ($270,581). Affordability continues to be a challenge for anyone looking to buy a home in New York or its suburbs. A July report from real estate listing service OneKey MLS found that the median sales price for single-family homes in the New York metro area is up to $775,000. The report said the inventory of available homes is shrinking. "While buyer interest remains strong, the market continues to be defined by limited inventory and affordability pressures," OneKey MLS CEO Richard Haggerty said in a statement. "As we move through the remainder of the year, we expect steady demand and gradual price growth to persist as supply continues to lag behind."
