September 26, 2017 Read More →

Report: Battery Storage Emerges as ‘Near-Term’ Piece of NYC’s Evolving Electricity Grid

Utility Dive:

A new study commissioned by the New York Battery and Energy Storage Technology Consortium (NY-BEST) concludes the largest city in the United States has a near-term opportunity to clean up its electric grid by replacing older steam generation units with batteries.

The analysis, conducted by Strategen Consulting, finds that about 2,860 MW of older steam and combustion turbines, roughly 30% of New York City’s current fleet, will be past retirement age within the next five years.

Replacing older combustion generation with energy storage could help the city meet environmental goals, reducing greenhouse gas emissions by more than 75% from those units.

Strategen’s report concludes New York City electricity customers spend more than $268 million annually to secure capacity from older plants that run for just a few hours each year. A 5% set-aside of that amount “could attract investment in more than 450 MW of new energy storage resources over the next five years with very little impact,” the firm concluded. Total price impact could be less than 1% to customers, Strategen found.

More: Battery storage could help New York City’s ambitious energy, climate goals, report says

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