Over $5 Million Is Now Available To Support Innovative Energy Storage
The New York State Energy Research and Development Authority (NYSERDA) today announced over $5 million is now available to support innovative energy storage
The New York State Energy Research and Development Authority (NYSERDA) today announced over $5 million is now available to support innovative energy storage
Bulk energy storage incentives are applicable to ESS projects between 5 and 20 MW in capacity and are available through the New York State Energy Research and Development Authority
November 1, 2024 This document was prepared with and funded by the U.S.
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These incentives decline each calendar year and are set at $90 per kWh for year 2021. Bulk energy storage incentives are applicable to ESS projects between 5 and 20 MW in capacity and are available through the New York State Energy Research and Development Authority (NYSERDA).
Nonetheless, energy storage accounts for only about 2% of total U.S. energy capacity.36 FOTM systems have driven the bulk of this growth in installed ESS capacity. Under the Climate Leadership and Community Protection Act (CLCPA) passed in 2019, New York State (the State) established an ambitious goal for energy storage of 3 gigawatts by 2030.
The Incentive Landscape According to the New York State Energy Research and Development Authority (NYSERDA), New York's battery storage incentives are structured to encourage adoption across different regions and sectors. The state is divided into several regions, each with its own set of incentives:
Battery energy storage systems in New York City are rigorously regulated, with oversight from the safety industry, federal, state, and local authorities. All code, location, spacing, and other local requirements must be met.