“With no large-scale batteries participating in the wholesale market in New York, the first day we turned the battery on it was exciting to see if all our internal models were correct in how the battery would behave,” KCE's COO Dan Fitzgerald told us.
New York’s energy storage deployment target of 1.5GW by 2025, roundly welcomed by the industry when introduced at the beginning of 2018, has been ‘doubled’ to 3GW - by 2030.
New York plans to incentivise commercial and industrial (C&I) solar-plus-storage projects, kicking off by making $40 million funding available to support 50MW of storage paired with solar from early November.
Up to US$6.3 million in funding will support the commercialisation of emerging energy storage technologies in New York, from public benefit corporation NYSERDA (New York State Energy Research & Development Agency).
Projects that demonstrate how energy storage can benefit a wide range of stakeholders and the electric grid can compete for US$15.5 million of funding from the New York State Energy Research and Development Authority (NYSERDA).
A drive aimed at reducing the soft costs of distributed energy storage systems by the New York State Energy Research and Development Authority (NYSERDA) could award over US$8 million of funding.
Nine companies conducting research and development projects in energy storage have partnered with, and are set to receive financial support from, the New York State Energy Research and Development Authority (NYSERDA).
Earlier this year New York governor Andrew Cuomo unveiled plans for an “energy modernisation initiative that will fundamentally transform the way electricity is distributed and used in New York State”. This will include the creation of a leading energy storage marketplace, argues Bill Radvak, chief executive officer of American Vanadium, whose company recently installed a vanadium flow battery storage system for New York’s Metropolitan Transport Authority in Manhattan.