Eversource's Strategic Acquisition: Unlocking Clean Energy Potential at Mystic Property

Eversource Energy, a leading utility company in the Northeast, has recently acquired a 26-acre portion of the Mystic property from Constellation Energy. This strategic move aims to support Massachusetts' clean energy transition while ensuring reliable service across New England. The Mystic site, located in Everett, holds significant potential as a multi-use energy interconnection hub for large-scale renewable sources like offshore wind, hydro, battery storage, and even nuclear energy. Eversource's Chairman, Joe Nolan, emphasized that the acquisition would provide a unique opportunity to support economic development, create jobs, and drive forward clean energy initiatives.

The existing infrastructure and strategic location of the Mystic property facilitate the integration of various renewable energy sources. Its proximity to major energy users and the proposed soccer stadium in Everett, along with its historic use and existing infrastructure, position it well for supporting electrification and meeting the region's energy reliability needs. The site can accommodate multiple renewable energy sources, enhancing grid reliability and mitigating potential congestion in the regional transmission system.

Eversource's acquisition of the Mystic property presents significant potential for economic development and job creation. The site's strategic location and existing infrastructure position it as a prime multi-use energy interconnection hub for large-scale renewable sources. By transforming the site into a premier energy interconnection hub, Eversource aims to enhance reliability for the entire New England region, while also supporting Massachusetts' electrification and decarbonization goals. This collaborative approach, involving local communities, state officials, and other stakeholders, could spur economic development and create jobs in the region. Moreover, Eversource's commitment to a thorough collaborative process engaging key stakeholders to develop a co-optimized transmission solution with collective buy-in addresses multiple needs, including upgrades to help renewables connect more easily to the grid and solutions to help protect access to the waterway. These efforts also offer a potential opportunity to train and develop the skilled workforce needed to support the growing climate tech sector.

Eversource's collaboration with local officials and stakeholders is crucial for the successful development and implementation of clean energy initiatives on the property. The company's commitment to a thorough, collaborative process engaging key stakeholders will help develop a co-optimized transmission solution with collective buy-in. This approach addresses multiple needs, including upgrades to help renewables connect more easily to the grid and solutions to protect access to the waterway. Additionally, Eversource's focus on training and developing the skilled workforce needed to support the growing climate tech sector will contribute to the success of these initiatives. By working together, Eversource, local officials, and stakeholders can enhance grid reliability, improve affordability, and support local economic development, all while helping Massachusetts meet its electrification and decarbonization goals.



In conclusion, Eversource's acquisition of the Mystic property from Constellation Energy is a strategic move that positions the company at the forefront of the clean energy transition in the Northeast. By leveraging the site's existing infrastructure and strategic location, Eversource can interconnect multiple renewable energy sources, enhance grid reliability, and support electrification in New England. Through collaboration with local officials and stakeholders, Eversource can ensure the successful development and implementation of clean energy initiatives, creating a more sustainable and resilient energy future for the region.