New York state has unveiled a roadmap for the development of 1.5 GW of energy storage capacity by 2025.
Governor Andrew Cuomo revealed the plan on June 21, and said that it would help to ensure that New York would “continue to lead the nation in this technology to fight climate change and conserve resources for generations to come”.
Cuomo added: “This Roadmap is the next step to not only grow our clean energy economy and create jobs, but to improve the resiliency of the grid to keep our power running in the face of extreme weather and other emergency situations.”
The roadmap provides a set of specific recommended actions to accelerate the deployment of energy storage projects in New York State and position the state as a leading national market for advanced energy storage projects. The plan was developed by the Department of Public Service and New York State Energy Research and Development Authority with input from numerous stakeholders.
The recommended actions include $350 million to speed up development in the state, regulatory changes to utility rates to reflect benefits of energy storage and adding incentives to the New York State Energy Research and Development’s NY-Sun programme for solar plus storage projects.
The NY Green Bank will look to invest at least $200 million in storage projects, Cuomo said.
New York state currently has approximately 60 MW of advanced energy storage capacity deployed with another 500 MW in the pipeline.