World : New York to invest (another) $40 million in energy storage deployment

The investment comes as part of Governor Cuomo’s ambitious state mandate of 1,500 MW of energy storage by 2025, in hopes of shifting generation to match demand.

In continued pursuit of his state’s 50% renewable by 2030 and 1,500 MW of energy storage by 2025, New York Governor Andrew M. Cuomo (D) has announced that $40 million will be made available to solar projects that integrate energy storage.

Like CPS Energy earlier this week, New York is recognizing the necessity of expansive energy storage coverage to shift solar energy’s availability to times of peak demand, outlining in a release that the storage will be used for that goal. This reasoning is likely also behind Gov. Cuomo’s unique battery storage goal, first unveiled in his 2018 State of the State address this past January.

The announcement made New York just the fifth state to create an energy storage mandate, joining Utah, Oregon, Massachusetts and of course California. Furthermore, the state’s 1,500 MW goal is a particularly lofty one. This latests funding is expected to lead to the development of 50 MW of energy storage across the state, a particularly impressive benchmark, considering that the announcement of the pair of 10 MW storage programs in Texas had been considered unprecedented.

“As we continue our aggressive pursuit of clean, renewable technologies, funding for projects like this will ensure New York remains at the forefront of the global fight against climate change,” said Governor Cuomo. “The strategic pairing of energy storage and solar technologies moves us closer to building a clean energy economy that protects critical natural resources and benefits all New Yorkers.”

 

Source : https://pv-magazine-usa.com/2018/10/11/new-york-to-invest-40-million-in-energy-storage-development/

Smart Grid Bulletin October 2018


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