New Road Storage (PJM-AE2-019) — Project Summary

Queue ID
PJM-AE2-019
Capacity
120 MW
Technology
Battery
Status
active
Location
Loudoun, VA
Region
PJM
Developer
IA Status
IA Executed

New Road Storage

PJM-AE2-019BetaActiveBatteryPJMLBNL + Live

120 MW storage in Loudoun, VA · In queue since December 2018 · Proposed COD September 2027

BA: PJMISO/RTO: PJMNERC: SERCRC: PJM

120 MW

Capacity

1

Components

Battery

7y 7m

In Queue

IA Executed

IA Phase

COD target: 2027

Status
Project statusOperationalCanary Media · 2025-11-26
Interconnection

Total Duration

8y 9m

Construction75%
Queue EntryDec 12, 2018

Interconnection request submitted to ISO/RTO

System Impact Study

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 6–18 months

Commercial Operation

Proposed COD: 2027-09-27

Cross-source intelligence
Beta
Medium confidence·1 sources·as of 2026-06-01
Expected COD
2024
Queue date 3+ years staleQueue: 2027-09-27
Developer
Status
Online
Active in LBNL queue with IA Executed, but news reports project operational as of late 2024
Financing
Secured
Financing necessarily closed prior to construction and operation (project now online), but specific terms not publicly disclosed
Key milestones
IA executed

Interconnection Agreement executed per LBNL queue data

COD target2024Most recent

Project reported operational by Canary Media

source
About

New Road Storage is a proposed 120 MW battery storage project located in Loudoun County, Virginia. The project is in the PJM interconnection queue as entry PJM-AE2-019, with a queue entry date of December 12, 2018, and a proposed commercial operation date of September 27, 2027. The interconnection agreement (IA) has been executed.

The project, which interconnects with Dominion at the New Road 230 kV point of interconnection, has been the subject of recent news coverage, with eight articles categorized as regulatory, industry, grid, and development related.

Generated from interconnection queue and public data sources

Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Financing close probability
EPC + tax-equity counterparty
Project Details

State

VA

County

Loudoun

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

Utility

Dominion

Entity

PJM

Service Type

NRIS

Point of Interconnection

New Road 230 kV

Data Source

LBNL + Live

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast
First-year output estimate
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection
First-year DSCR
Financing close risk
Market Context
Approximate
ISO / RTO
PJM
Trading Hub
DOMINION HUB
Hub Confidence
HIGH
Nearest Node (Estimated)
NEWROAD 115 KV LDNOVEC
POI Substation
New Road Delivery Point

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

Insights & Articles (1)Beta

Last updated 2026-03-26

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InfraSure platform

Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.