Industry reacts positively to New York’s 1,500MW energy storage target

LinkedIn
Twitter
Reddit
Facebook
Email
New York Governor Andrew Cuomo (left) shakes hands with former SolarCity CEO Lyndon Rive as the latter prepared to break ground on Tesla-SolarCity’s PV module ‘Gigafactory’ in Buffalo. Image: Andrew Cuomo’s office.

Trade associations NY BEST and the Energy Storage Association have been quick to applaud New York Governor Andrew Cuomo’s historic setting of a 1,500MW energy storage procurement target for his state.

Energy-Storage.News reported earlier this week that Cuomo, in his annual State of the State address, had set out plans for US$200 million to be invested via New York’s NY Green Bank and US$65 million via NYSERDA in the development and deployment of energy storage projects, while the 1,500MW target should be reached by 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The announcement was made along with a raft of other environmental, energy and sustainability policy measures as Cuomo attempted to set out a “comprehensive agenda to combat climate change”.

These included establishments of energy efficiency targets, moves to cap greenhouse gas emissions and limit pollution from natural gas plants, establish a solar PV programme for 10,000 low-income households and to reconvene a scientific panel on climate change disbanded by the Trump presidential administration.

Energy Storage Association CEO Kelly Speakes-Backman said her group “heartily applauded” the establishment of the target. Meanwhile William Acker at NY BEST, pitched as a regional trade association as well as a technology development group – NY BEST has its own battery testing and research facilities available to its members – said the deployment of 1,500MW by 2025 and the US$265 million investment would help cement New York’s position as a leader in the energy storage industry while contributing strongly to the state’s climate change and sustainability goals.

Energy Storage Association CEO Kelly Speakes-Backman:

“The Energy Storage Association heartily congratulates Governor Cuomo for his leadership and bold commitment to scaling up clean energy production through increased deployment of energy storage. In setting this goal and providing funds, New York will accelerate the innovative use of storage as infrastructure and reduce the state’s reliance on inefficient, heavier polluting sources of electricity, bringing $2 billion in benefits to New Yorkers. We at ESA are delighted to count New York as a leader in the march toward 35 GW of new energy storage by 2025, as outlined in our Vision 2025 report, and ESA stands by to assist states like New York forging a path toward a more efficient, resilient and reliable, sustainable and affordable grid.”

NY BEST’s executive director Dr William Acker:

“NY-BEST applauds Governor Cuomo’s leadership in establishing  a 1,500 MW target for energy storage by 2025 and for recognising the crucial role that energy storage has in modernizing New York’s electric grid. Energy storage is critically important to providing real benefits for ratepayers, supporting widescale integration of renewable energy, reducing reliance on fossil-fuelled power plants, providing grid resilience and producing environmental and economic benefits for the state.

The global energy storage industry is growing rapidly. Governor Cuomo’s launch of a new energy storage initiative, with its goal to employ 30,000

New Yorkers in this sector, will leverage New York’s unique assets, resources and markets and further solidify New York’s position as a leader in the energy storage industry.

Governor Cuomo’s commitment to invest more than US$260 million in funding from the New York Green Bank and NYSERDA, will accelerate deployment of energy storage resources on the state’s electric grid, help achieve the Governor’s clean energy and climate goals and create economic benefits for the state.

NY-BEST looks forward to continuing the work with Governor Cuomo and the Administration to bring the benefits of energy storage to New York State.”

Yesterday, Governor Cuomo tweeted condemnation of the Trump administration’s latest move to grant licenses for oil and gas exploration around much of the US coastline, drawing a stark comparison with New York’s clean energy ambitions and policies.

Read Next

Premium
May 21, 2025
ESN Premium speaks with Dr. Yinghuang Ji, head of structuring at MN8 Energy, on current challenges and opportunities for growth in the energy storage market.
Premium
May 15, 2025
Despite new state incentives for energy storage in New York, some independent power producers (IPP) are still struggling to make progress in the face of local opposition, permitting hurdles and moratoriums.
May 15, 2025
The Republicans’ budget reconciliation bill is starting to take shape, and US clean energy industry figureheads have sounded the alarm at its initial proposals to roll back the IRA’s measures and restrict foreign technologies.
Premium
May 13, 2025
Sacramento Municipal Utility District (SMUD) has finalised terms of a PPA with developer D. E. Shaw Renewable Investments (DESRI).
May 13, 2025
The US and China have announced a 90 day ‘pause’ on their huge reciprocal tariffs while they continue negotiations, with the effective tariff on BESS more than halving to around 60%.

Most Popular

Email Newsletter