Gov. Cuomo unveils 1,500 megawatt New York energy storage goal for 2025
New York Gov. Andrew Cuomo launched a roadmap for the state’s energy future last week, establishing a 1,500-megawatt goal post for its energy storage capabilities by the year 2025.
The Roadmap lays out short-term recommendations for how energy storage could benefit New York consumers and fill the grid’s needs, as developed by the Department of Public Service and New York State Energy Research and Development Authority, operating with input from various others. The state said the target could bring around $2 billion in lifetime benefits for state residents — a figure which includes savings, reduced greenhouse gas emissions, and increased grid resilience.
Those recommendations include such plans as providing $350 million in market acceleration incentives for advanced storage systems, recommendations on market rules changes to make storage a more viable option and instituting regulatory changes.
“Clean energy is the future of our planet, and New York will continue to lead the nation in this technology to fight climate change and conserve resources for generations to come,” Cuomo said. “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 1,500-megawatt goal represents the demand of one-fifth of all New York homes. The state government is already working on a number of energy storage projects, in concert with other stakeholders. Such efforts also paint New York as open to business for the growing clean tech industry — an industry state officials believe could create up to 30,000 new jobs.
“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,” Richard Kauffman, chairman of energy and finance for New York, said. “Under Governor Cuomo, New York’s comprehensive approach supports the growth of the energy storage market by providing financing and policies that support the growth of this sector and ensure we meet the State’s ambitious clean energy goals and combat climate change.”
