New York State launches framework to reach energy storage goals
New York Gov. Kathy Hochul launched a framework for the state to reach six gigawatts of energy storage by 2030.
The roadmap proposes a set of recommendations to expand New York’s energy storage programs. If approved, the roadmap will support a buildout of storage deployments estimated to reduce projected future statewide electric system costs by nearly $2 billion. The program supports the Climate Leadership and Community Protection Act goals to generate 70 percent of the state’s electricity from renewable sources by 2030 and 100 percent zero-emission electricity by 2040.
“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,” Hochul said. “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 plan was submitted to the NY Public Service Commission for consideration by the New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Public Service (DPS) to the Public Service Commission.
“Accelerating the adoption of energy storage across the state will allow more wind and solar energy to be integrated into our electric grid while improving air quality for many communities historically impacted by fossil fuel-generated pollution. Building on New York’s progress under Governor Hochul’s leadership, this roadmap will provide a pathway for the industry to partner with us to bring forward the next wave of projects that will help New Yorkers realize the benefits of this important technology,” Doreen Harris, president and CEO at NYSERDA, said.
The roadmap proposes 3,000 megawatts of new bulk storage be procured through a new competitive Index Storage Credit mechanism. It also proposes 1,500 megawatts of new retail storage and 200 megawatts of new residential storage be supported through an expansion of NYSERDA’s existing region-specific block incentive programs. In addition, it proposes the utilization of at least 35 percent of program funding to support projects that deliver benefits to Disadvantaged Communities (DACs) and that target fossil fuel peaker plant emissions reductions.
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Expanding the state’s energy storage goal is expected to have an average electricity bill impact for New York customers of less than half a percent, or approximately $0.46 per month.
“Governor Hochul is a key supporter of energy storage development in New York State. The framework that is being proposed provides New York with the resources it needs to speed our transition to a clean energy economy and meet our critically important climate goals,” Department of Public Service CEO Rory Christian said.
The roadmap is available for public comment on the Department of Public Service’s website.
