New York unveils new roadmap for 6 GW energy storage goal

Dec. 29 (Renewables Now) — New York Gov. Kathy Hochul on Wednesday unveiled a roadmap expected to help the state reach its goal of building 6 GW of energy storage capacity by 2030.

The plan was developed by the New York State Energy Research and Development Authority and the New York State Department of Public Service. It must be submitted to the State Public Service Commission (PSC) for review. If it gets the green light, it will help cut future statewide electricity costs by almost $2 billion (€1.89 billion).

The decision-making process will take place in 2023.

This framework proposes a comprehensive set of recommendations focused on programs led by the New York State Energy Research and Development Authority (NYSERDA) to add 4.7 GW of new battery storage capacity in various sectors. Specifically, the plan calls for the deployment of 3 GW of large-scale capacity, which will be procured through a new competitive Index Storage Credit facility, enough to power about a million homes for up to four hours. An additional 1.5 GW of retail storage is expected to provide power to about 500,000 homes for up to four hours, with an additional 200 MW planned for residential applications.

The proposed capacity will be combined with 1.3 GW of energy storage projects already contracted across the state.

“This roadmap will serve as a role model for other states to make the most of renewable energy and ensure a reliable and sustainable transformation of the power grid,” Governor Hochul said.

New York has set a goal of 70% renewable energy by 2030 and 100% zero-emission electricity by 2040.

(1 USD = 0.943 EUR)

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