Eversource Acquires Mystic Property from Constellation
Summary
“ With its strategic location, flexibility, and existing infrastructure, this site is one of the most promising, multi-use interconnection points for large-scale renewable energy in New England – representing a one-of-a-kind opportunity to support our shared energy goals, spur economic development and help create jobs,” said Eversource Chairman, President and Chief Executive Officer Joe Nolan. We are eager to work with the local community, state officials and other key stakeholders to develop innovative plans for the property that will deliver carbon-free energy to customers as part of a reliable, equitable, and cost-effective energy future for our region.” Eversource’s purchase of the Mystic property represents a unique opportunity to enhance electric grid reliability, improve affordability by addressing expected future congestion on the regional transmission system, and support local economic development. These efforts will also offer a potential opportunity to train and develop the skilled workforce needed to support the growing climate tech sector. Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is recognized as the #1 U.S. utility on TIME’s List of World’s Best Companies for 2024. Eversource harnesses the commitment of more than 10,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service.