Island Companies Receiving Energy Storage Grants

Three projects on Martha’s Vineyard and Nantucket are in line to receive a portion of the $20 million in grant money being awarded by the Baker-Polito Administration’s “Energy Storage Initiative” program.

The grants are going to 26 projects that will develop the Commonwealth’s energy storage market and deliver benefits to Massachusetts ratepayers and the electrical grid.

The Martha’s Vineyard Transit Authority in Edgartown will be receiving $545,000; Tesla on Nantucket has been awarded $1.25 million; and W.H. Bennett, based in Vineyard Haven, will receive $382,000.

Launched by the Baker-Polito Administration in 2015, the ESI aims to make Massachusetts a national leader in energy storage by analyzing opportunities to support energy storage companies, accelerating the development of early commercial storage technologies and developing policy options to encourage energy storage deployment.

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