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.