A former Exxon oil storage facility on an industrial plot of land just 4 miles from downtown Boston could be Massachusetts’s ticket to a green energy future – and lower utility bills.
The $500 million energy storage project proposed in the first phase of The Davis Cos. redevelopment of Everett’s former Exxon Mobil fuel tank farm received a key state approval.
A 7.2 million-square-foot development plan for Everett’s former ExxonMobil fuel storage farm includes 3,200 housing units, commercial and industrial space and an energy storage facility designed to improve the reliability of the region’s electric grid.
The new owner of the former ExxonMobil property in Everett presented a master plan for redevelopment of the 100-acre property over the next two decades.
