The Energy Storage Report 2024

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Nexamp riding New York, Massachusetts battery boom with flurry of new projects

By Liam Stoker
New York is among the US’ hottest energy storage markets at present.

US solar and storage developer Nexamp is to deploy its maiden energy storage projects, clinching a six-strong portfolio of assets totaling 51MWh.

The half-dozen sites are located throughout New York and Massachusetts, and will be backed by economic incentives made available under the NY-Sun, VDER and MA Smart schemes.

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Nexamp proved particularly successful in the NY-Sun program, bagging 40% of the overall capacity available under block one of the scheme.

The new projects will build on Nexamp’s established presence in the US east coast’s solar industry, having brought to market a number of ground-mount solar installs in both states in the past.  

New York has emerged as among the most desirable destinations for energy storage investments after the state pledged US$280 million of funding towards energy storage in a bid to stimulate the market, while also establishing a target of 3GW of storage capacity by 2030.  

Nexamp has enrolled Chicago-based end-to-end storage development company IHI Energy Storage as a non-exclusive equipment supplier for portfolio.

Nexamp said the firm’s initial projects represented a “significant step forward” in its strategy, and the firm’s VP of new market development Ben Downing hailed energy storage developments as the “key next step” to solving climate change.

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