World : Long Island secures $55 million in energy storage funding

The $55 million in funding will be initiated by the New York State Energy Research and Development Authority (NYSERDA) issuing $15 million in incentives.

NYSERDA will provide Long Island residents and commercial businesses with funding through the Retail Energy Storage Incentive programme.

Projects will include standalone systems or those paired with solar, over the next five years.

The aim is to reduce the costs of energy storage technologies and scale up the adoption of renewable energy resources.

 

Source : https://www.smart-energy.com/industry-sectors/storage/long-island-secures-55-million-in-energy-storage-funding/

Smart Grid Bulletin June 2019


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