United States

United States

New York sets out storage plan

UNITED STATES: New York state governor Andrew Cuomo has published a roadmap to develop 1.5GW of storage capacity by 2025, including a recommendation of $350 million in incentives.

New York state governor Andrew Cuomo
New York state governor Andrew Cuomo

According to the governor’s office, the roadmap will deliver $2 billion in benefits to state residents over the lifetime of the storage projects.

Among its recommendations, the roadmap suggested providing $350 million in "statewide market acceleration incentives to fast-track the adoption of advanced storage systems".

It also proposed "regulatory changes to utility rates… to reflect the system benefits and values of storage projects" and "modifications to wholesale market rules to better enable storage participation".

"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," Cuomo said.

To date there is roughly 60MW of storage capacity, with 500MW in the pipeline. The New York Green Bank will also provide $200 million in "storage-related investments".

Richard Kauffman, chairman of energy and finance for New York State added: "Energy storage not only increases the use of renewable electricity generation, but provides numerous benefits to our environment and economy and improves the resilience of the grid."

In March, Cuomo awarded $1.4 billion in credits for 26 renewable projects, including three wind farms with a combined capacity of more than 700MW.

The state is targeting 50% of its electricity to be from renewable sources by 2030. 

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