20th July 2024

Gov. Kathy Hochul’s new framework for New York State to attain 6 GW of vitality storage by 2030, which represents a minimum of 20% of the height electrical energy load of the state, was submitted by the New York State Vitality Analysis and Improvement Authority (NYSERDA) and the New York State Division of Public Service (DPS) to the Public Service Fee for consideration. It proposes a complete set of suggestions to broaden New York’s vitality storage packages to cost-effectively unlock the speedy progress of renewable vitality throughout the state and bolster grid reliability and buyer resilience.

If authorised, the roadmap will assist a buildout of storage deployments estimated to cut back projected future statewide electrical system prices by practically $2 billion, along with additional advantages within the type of improved public well being due to diminished publicity to dangerous fossil gasoline pollution. This announcement helps the Local weather Management and Group Safety Act targets to generate 70% of the state’s electrical energy from renewable sources by 2030 and 100% zero-emission electrical energy by 2040.

“Storing clear, renewable vitality and delivering it the place and when it’s wanted is without doubt one of the most important challenges we should overcome to cut back statewide emissions, particularly from conventional fossil gasoline peaker crops,” Gov. Hochul says. “This roadmap will function a mannequin for different states to observe by maximizing the usage of renewable vitality whereas enabling a dependable and resilient transformation of the facility grid.”

NYSERDA and DPS fastidiously assessed potential market reforms and cost-effective procurement mechanisms to attain 6 GW, and recognized analysis and improvement must speed up know-how innovation, notably for long-duration storage. The companies additionally thought of approaches to vitality storage improvement in a method that advances the elimination of the state’s most polluting fossil gasoline energy crops, as proposed by Gov. Hochul in her 2022 State of the State handle.

This roadmap proposes the implementation of NYSERDA-led packages in direction of procuring a further 4.7 GW of recent storage initiatives throughout the majority (large-scale), retail (neighborhood, industrial and industrial), and residential vitality storage sectors in New York State. These future procurements, mixed with the 1.Three GW of current vitality storage already underneath contract with the state and transferring in direction of industrial operation, will enable the state to attain 6 GW purpose by 2030.

“Accelerating the adoption of vitality storage throughout the state will enable extra wind and photo voltaic vitality to be built-in into our electrical grid, whereas bettering air high quality for a lot of communities traditionally impacted by fossil fuel-generated air pollution,” states Doreen M. Harris, president and CEO of NYSERDA. “Constructing on New York’s progress underneath Governor Hochul’s management, this roadmap will present a pathway for the business to associate with us to carry ahead the subsequent wave of initiatives that may assist New Yorkers understand the advantages of this vital know-how.”

“Governor Hochul is a key supporter of vitality storage improvement in New York State,” feedback Division of Public Service CEO Rory M. Christian. “The framework that’s being proposed gives New York with the sources it wants to hurry our transition to a clean-energy financial system and meet our critically vital local weather targets.”

The roadmap proposes 3,000 MW of recent bulk storage, sufficient to energy roughly a million houses for as much as 4 hours, to be procured by means of a brand new aggressive Index Storage Credit score mechanism, which is anticipated to supply long-term certainty to initiatives whereas maximizing financial savings for customers. It’s in search of 1,500 MW of recent retail storage, sufficient to energy roughly 500,000 houses for as much as 4 hours, and 200 MW of recent residential storage, sufficient to energy 120,000 houses for as much as two hours, to be supported by means of an growth of NYSERDA’s current region-specific block incentive packages.

As well as, the proposal contains utilization of a minimum of 35% of program funding to assist initiatives that ship advantages to Deprived Communities (DACs) and that focus on fossil gasoline peaker plant emissions reductions, with program carve-outs for initiatives sited within the downstate area, given its excessive focus of DACs and peaker crops.

It is going to require electrical utilities to check the potential of high-value vitality storage initiatives in direction of offering cost-effective transmission and distribution providers not presently out there by means of current markets. There will likely be a continued prioritization by current packages on investing in analysis and improvement associated to dependable long-duration vitality storage applied sciences. Fee of prevailing wage will likely be a programmatic requirement for vitality storage initiatives with a capability of 1 MW and above, demonstrating the state’s continued dedication to driving family-sustaining jobs in clear vitality.

The proposal expands the state’s vitality storage purpose is predicted to have a median electrical energy invoice impression for New York prospects of lower than half a %, or roughly $0.46 per 30 days. The roadmap is obtainable for public touch upon the Division of Public Service’s web site, with a subsequent decision-making anticipated in 2023.

Learn extra in regards to the roadmap, together with extra feedback from officers, right here.

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