New York Governor Andrew M. Cuomo has released a roadmap for installation of 1.5GW of energy storage capacity by 2025.
The plan was developed by the Department of Public Service and New York State Energy Research and Development Authority. The energy storage plan is expected to create up to 30,000 jobs in the long run.
Besides, the 2025 target is expected to deliver nearly $2bn gross lifetime benefits to New Yorkers, including electric distribution system savings and reduced greenhouse gas emissions. This plan is expected to strengthen the Reforming the Energy Vision strategy to build a clean, resilient, and affordable energy system for all New Yorkers to combat climate change.
Governor Cuomo said: “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.
“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 New York Power Authority is presently working on several energy storage projects which will demonstrate the value of technology. The authority is working in partnership with the State University of New York on multiple projects that would allow the university system to utilize stored solar power during emergencies and times of peak energy demand.
Presently in the state, there is a 60MW energy storage capacity deployed and another 500MW in pipeline. In addition, the state has 1.4GW of traditional pumped hydro storage.
The roadmap recommends provision of $350m in statewide market acceleration incentives to speed up the adoption of advanced storage systems to be located at customer sites or on the distribution or bulk electric systems.