GRAND STREET

GRAND STREET

GRAND STREET

Developer

Microgrid Networks

Status

Operational

Borough

Brooklyn

Capacity

5

Metering

CDG

Start

Start

Start

Interconnection Application Date
Interconnection Application Date
Interconnection Application Date
September 2021
September 2021
September 2021
Queue
Upgrade Cost Full Payment
Upgrade Cost Full Payment
Upgrade Cost Full Payment
February 2022
February 2022
February 2022
$1,276,294.18

Last Movement: Apr 2025

Start

Start

Development Timeline
Development Timeline
Development Timeline
Development

Planning Start

Sep 2021

Development Planning Start

Development Start

Feb 2022

Active Development Start

In Review

March 2024

Date Development Signed Off

Final Site Sign-Offs

Operational

Dec 19, 2023

Interconnection Queue

Final Letter of Acceptance

Overview

The end-to-end project timeline (Interconnection Application through Final Acceptance) was slightly faster than the market average with completion achieved in 27.3 months compared to an average of 29.3 months.

A significant factor contributing to this pace was Microgrid's ability to immediately move from full payment of their roughly $1.3m upgrade costs into the start of construction.

The Grand Street project became operational in Q4'23 with little delay from Con Edison's Final Acceptance and energy being discharged with a total of 5,966 kWh discharged in Q4'23 and 272,630 kWh in Q1'24.

To date, the project has discharged a total of 734,361 kWh.

The end-to-end project timeline (Interconnection Application through Final Acceptance) was slightly faster than the market average with completion achieved in 27.3 months compared to an average of 29.3 months.

A significant factor contributing to this pace was Microgrid's ability to immediately move from full payment of their roughly $1.3m upgrade costs into the start of construction.

The Grand Street project became operational in Q4'23 with little delay from Con Edison's Final Acceptance and energy being discharged with a total of 5,966 kWh discharged in Q4'23 and 272,630 kWh in Q1'24.

To date, the project has discharged a total of 734,361 kWh.

The end-to-end project timeline (Interconnection Application through Final Acceptance) was slightly faster than the market average with completion achieved in 27.3 months compared to an average of 29.3 months.

A significant factor contributing to this pace was Microgrid's ability to immediately move from full payment of their roughly $1.3m upgrade costs into the start of construction.

The Grand Street project became operational in Q4'23 with little delay from Con Edison's Final Acceptance and energy being discharged with a total of 5,966 kWh discharged in Q4'23 and 272,630 kWh in Q1'24.

To date, the project has discharged a total of 734,361 kWh.

Project Financials