March 14, 2019 Read More →

New York moves forward with plans to install 3GW of battery storage

Utility Dive:

The New York State Energy and Research Development Authority (NYSERDA) on Monday filed its energy storage implementation plan, which aims to incentivize deployments and help the state meet its 3 GW by 2030 target.

The plan targets retail and bulk market storage incentives, allocating $130 million and $150 million toward growth in those sectors, respectively, and proposing the remaining $70 million of a $350 million fund be allocated toward “opportunities that have the greatest potential to build a self-sustaining storage market.”

NYSERDA’s filing is “an enormously positive step” in the state’s deployment goals, Bill Acker, executive director of New York Battery and Energy Storage Technology Consortium (NY-BEST), told Utility Dive. It will advance New York’s goal to reduce greenhouse gas emissions 40% by 2030 and shift to 100% carbon-free electricity by 2040, he said.

The plans follow Gov. Cuomo’s announcement earlier this month of new emissions regulations aimed at phasing out less efficient power plants and encouraging plant owners to replace the lost capacity with battery storage or other clean energy options. Along with the storage target, the state also wants to add 9,000 MW of offshore wind by 2035 and 6,000 MW of distributed solar by 2025.

Under NYSERDA’s plan, “incentives are offered at a fixed amount per AC kWh of usable storage capacity.” Retail incentives can be applied to standalone or paired storage projects of 5 MW or less, considered on a first-come, first-serve basis, starting at $350/kWh and winding down as each funding block is filled.

More: NYSERDA targets retail and bulk storage incentives as state aims for 3 GW by 2030

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