January 4, 2018 Read More →

Gov. Cuomo Calls For Coal Phase-Out In New York

Utility Dive:

New York made waves yesterday when it unveiled a slate of clean energy proposals that sets the highest energy storage mandate in the country. Cuomo wants to commit at least $200 million from the NY Green Bank for storage investments that will help integrate renewable energy. 

The plan is to roll out 1,500 MW of energy storage by 2025. Cuomo’s proposal also calls for the New York State Energy Research and Development Authority to invest at least $60 million through storage pilots and activities to reduce barriers to deploying energy storage, including permitting, customer acquisition, interconnection and financing costs.

But the energy package is also being framed as a boon to the state’s economy. Cuomo wants the state to employ 30,000 workers to establish New York as a home to the clean tech industry — a goal that he says could produce $2 billion in “energy value” to the state.

The proposal would also develop a solar program for 10,000 low-income residents, with NYSERDA utilizing its purchasing power to secure community solar subscriptions and provide them at zero cost.

Cuomo will also direct the N.Y. Department of Environmental Conservation (DEC) to launch a rulemaking this year to implement the 30% reduction in the carbon dioxide emissions cap announced by the RGGI states last summer. Those changes would include revisions to cover peaking units that collectively exceed RGGI’s capacity threshold of 25 MW. Cuomo also indicated his office would work with RGGI states and potential new partners in Virginia and New Jersey to broaden the compact’s reach.

To “immediately reduce emissions” from the state’s highest-polluting power plants, Cuomo also directed the DEC to propose complementary reforms to decrease emissions of smog-forming pollutants from peaking units, and to adopt regulations ending the use of coal in the state’s power plants by 2020.

More: New York clean energy proposal seeks 1.5 GW of storage, coal phaseout

Comments are closed.