Bridgetown new energy storage development plan

How much energy storage does New York have in 2024?

As of April 1, 2024, New York has awarded about $200 million to support approximately 396 megawatts of operating energy storage in the state. There are more than 581 megawatts of additional energy storage under contract with the State and moving towards commercial operation.

What is New York's energy storage roadmap?

The roadmap is a comprehensive set of recommendations to expand New York's energy storage programs to cost-effectively unlock the rapid growth of renewable energy across the state and bolster grid reliability and customer resilience.

Will New York State become a major hub for energy storage?

Dr. M. Stanley Whittingham, Distinguished Professor at Binghamton University and Nobel Laureate in Chemistry for his development of lithium-ion batteries, said, "The new Energy Storage Roadmap released today will further bolster New York State as a major hub for the energy storage industry.

Will New York expand energy storage?

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. The Roadmap is available for public comment on the Department of Public Service's website , with a subsequent decision-making expected in 2023.

How will energy storage help New York's energy grid?

As New York electrifies buildings, transportation and industrial end uses, accelerating energy storage deployment will provide a flexible solution to help meet these additional demands on the grid and support the retirement of downstate fossil fuel generators near their end of life.

Will New York's nascent energy storage industry play a vital role?

Kyle Rabin of the Alliance for Clean Energy New York said, "New York's nascent energy storage industry must play a vital role in New York's clean energy transition, and we welcome this proposal for supporting industry growth.