The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Nala Renewables developing 280MW of BESS in NY state


Renewables investment and development group Nala Renewables is developing four new battery energy storage system (BESS) projects in New York state totalling 280MW by mid-2024.

Nala is delivering the projects through a development services agreement with New York-based power and infrastructure developer Rhynland Energy. The sites in New York ISO Zone K (Long Island) have been procured and the interconnection and entitlement work has started.

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

“Rhynland Energy is very pleased to be working with Nala Renewables, which is owned by two world-class energy investors, on BESS projects that will help provide much needed dispatchable capacity on Long Island and will support the development of renewable resources in New York State,” said Gus Hadidi, Managing Director, Rhynland Energy.

The state recently doubled its energy storage deployment target by 2030, from 3GW to 6GW, when it aims to generate 70% of its electricity from renewable sources. Nala’s projects, if delivered at that power, will provide just under 5% of that 6GW figure.

The target will be reached by enabling market reforms and procurement mechanisms that capture the full benefits of energy storage, according to New York State of the State Address book issued when the new target was announced in January.

One scheme which is incentivising large, front-of-meter energy storage is the Value of Distributed Energy Resources (VDER) programme, or Value Stack. It rewards projects that can deliver energy to the grid when most needed by paying them an hourly aggregate rate.

Nala is a joint venture between commodity trader Trafigura and IFM Investors and recently made headlines for delivering what will be the largest BESS in Belgium when it opens later this year.

Rhynland Energy was founded in 2019 and, according to its entry on the New York Battery and Energy Storage Technology Consortium (NY-BEST) trade association’s site, is a 50% partner in a 45MW/135MWh storage system project in Ontario, Canada.

22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
18 March 2025
Austin, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2025!

Read Next

July 18, 2024
The Spanish government has progressed plans to launch a competitive auction for renewable generation and energy storage in two regions where coal plants have been retired, totalling 829MW of capacity.
July 17, 2024
US-headquartered developer Pacific Green Technologies has received planning consent from the South Australian government to develop grid-scale battery energy storage systems on the Limestone Coast of South Australia.
July 16, 2024
Energy storage fund investment manager Gore Street has released its full-year results, reiterating how internationalisation helped it weather falling revenues in the UK – though not enough to maintain its dividend level.
July 16, 2024
World Bank Group has approved plans to develop Botswana’s first utility-scale battery energy storage system with a capacity of 50MW/200MWh.
July 15, 2024
The Vecco Critical Minerals Project, an AU$798 million (US$540 million) initiative aiming to unlock upstream battery manufacturing, has been declared a “coordinated project” by the Queensland government in Australia.

Most Popular

Email Newsletter