Commercial, Energy Storage, Industrial, Regulation - January 3, 2023
NY State Sets 2030 Goal for Energy Storage
Governor Kathy Hochul announced a new framework for New York state to achieve six gigawatts of energy storage by 2030, which represents at least 20% of the peak electricity load of New York State.
The plan proposes a comprehensive set of recommendations to expand New York's energy storage programs to cost-effectively use the increasing growth of renewable energy across the state and bolster grid reliability and customer resilience.
The roadmap would support a buildout of storage deployments estimated to reduce projected future statewide electric system costs by nearly $2 billion and was submitted by the New York State Energy Research and Development Authority and the New York State Department of Public Service to the Public Service Commission for consideration.
"Storing clean, renewable energy and delivering it where and when it is needed is one of the most critical challenges we must overcome to reduce statewide emissions, especially from traditional fossil fuel peaker plants," Governor Kathy Hochul said in a statement. "This roadmap will serve as a model for other states to follow by maximizing the use of renewable energy while enabling a reliable and resilient transformation of the power grid."
The goal proposes the implementation of NYSERDA-led programs towards procuring an additional 4.7 gigawatts of new storage projects across the bulk (large-scale), retail (community, commercial and industrial), and residential energy storage sectors in New York State. These future procurements, combined with the 1.3 gigawatts of existing energy storage already under contract with the State and moving towards commercial operation, will allow the State to achieve the six-gigawatt goal by 2030.
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