The Energy Storage Report 2024

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

New York battery tech innovators get share of US$1 billion Department of Commerce funds

LinkedIn
Twitter
Reddit
Facebook
Email

New Energy New York, a consortium working to accelerate battery tech and manufacturing, has been awarded US$63.7 million through the US Department of Commerce.

US President Joe Biden last week announced the 21 winners of US$1 billion total funding through the Build Back Better Regional Challenge. Funding of between US$25 million to US$65 million is being disbursed to each project, with local governments also contributing significant funding.

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

Projects are spread across the country and cover areas including biotechnology, agricultural, manufacturing, clean energy technologies and more.

Winners were selected from a list of 60 finalists chosen from 529 applicants, in a programme funded by Biden’s American Rescue Plan. Its five overarching aims are to restore US competitiveness, empower local leadership, support underserved communities, invest in workers as well as in technologies and accelerate economic transformation in the country.

New Energy New York’s work to advance development of lithium-ion batteries was highlighted by Department of Commerce as falling under that first theme, by helping to create a domestic supply chain for advanced energy storage, supporting the national energy transition away from fossil fuels.

The consortium is doing this under the leadership of experts at State University of New York (SUNY) Binghampton and with participation from three other academic institutions, non-profit technology and clean energy groups including New York Battery and Energy Storage Technology Consortium (NY-BEST) and four government organisations including New York State Energy Research and Development Agency (NYSERDA).

It wants to establish a national hub for battery innovation, manufacturing and workforce development in Upstate New York. The coalition has engaged more than 50 companies so far, works with local authorities in eight counties in the region and projects that if successful it will create positive economic impact worth more than US$2 billion.

The Southern Tier region of Upstate New York was once a thriving industrial hub but has become deindustrialised in recent decades. It is hoped that the opening of a lithium-ion battery factory serving both electric vehicle (EV) and energy storage system (ESS) markets is a signal that things are changing back in the region’s favour.

That factory, in the village of Endicott, was officially announced as open last month. While it is currently at the quality assurance stage of production, iM3NY, the company behind it, hopes to be able to ramp it up to 1.8GWh annual production capacity in near future and to 38GWh annual production capacity by 2030.

The region also already has NY-BEST’s battery test and innovation centre, as well as the facilities of Li-Cycle, a lithium-ion battery recycling specialist.

New Energy New York plans to use some of the Department of Commerce Build Back Better Regional Challenge money to build the Battery-NY Center, which will provide testing, certification and scale-up capacity to new technologies and companies.

“We just made the largest ever federal investment in clean energy and batteries in the Inflation Reduction Act, electric vehicles are booming, and now Binghamton can seize this opportunity to grow the beating heart of this emerging battery industry right here in Upstate New York,” Senate Majority Leader Chuck Schumer, a New York Senator, said.

Other winners in related fields include the Western New York Advanced Manufacturing consortium which will receive US$25 million to invest in growing advanced manufacturing capabilities in the eastern side of Buffalo in Upstate New York, a distressed region.

In cleantech there is also H2theFuture, which is led by the Greater New Orleans Development Foundation, which aims to innovate in cost reduction for green hydrogen technologies and will receive US$50 million.

Finally the other clean energy winner is the Appalachian Climate Technology Coalition (ACT Now), which will get US$62.8 million to help revitalise communities in southern West Virginia’s historically coal-dependent regions, by creating a clean energy hub and jobs to go with it.  

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

May 24, 2024
The new tariffs on batteries from China will increase costs for US BESS integrators by 11-16%, consultancy Clean Energy Associates said, adding that new guidance around the domestic content ITC adder will make it easier to access.
Premium
May 23, 2024
The Kern County, California hybrid facility will have the capability to generate up to 2GW of solar power co-located with up to 2GW of battery energy storage system (BESS) capacity, spanning approximately 12,875 acres of privately owned land.
Premium
May 22, 2024
We hear from developers, IPPs and upstream battery sources about the US’ decision to massively hike tariffs on batteries and battery components from China.
May 22, 2024
EPRI, Southern Company and Storworks have completed testing of a concrete thermal energy storage pilot project at a gas plant in Alabama, US, claimed as the largest of its kind in the world.
May 21, 2024
A roundup of large-scale solar and storage news from across the US, with RWE buying three projects from Galehead Development, Origis Energy securing US$300 million for its pipeline and Appalachian Power launching an RFP for 1.1GW of renewables and storage.

Most Popular

Email Newsletter