New York State Energy Research and Development Authority (NYSERDA) is continuing its key role in energy storage, recently announcing $15.5 million in additional funding for energy storage projects.
The state of New York and NYSERDA have a roster of storage projects across numerous technologies, including 12 different energy storage technologies that have been verified on the U.S. Department of Energy’s Energy Storage Database as currently operational, announced or under construction.
|Current Energy Storage Projects in New York State|
|Storage Technology Type||Capacity (MW)||Total number of projects|
|Open-loop pumped hydro storage||1400.0||2|
|Chilled-water thermal storage||4.0||3|
|Metal air battery||1.3||2|
|Source: DOE Global Energy Storage Database, projects listed as Operational, Approve, Planned or Funded as of April 21, 2017.|
NYSERDA’s new funding is part of the state’s long-term investment in the energy storage sector as part of Gov. Andrew M. Cuomo’s Reforming the Energy Vision (REV) strategy to build a cleaner, more resilient and affordable energy system for all New Yorkers.
Energy storage can save power generated from clean energy systems — such as solar, wind and combined heat and power (CHP) — for later use, enabling buildings to reduce their reliance on the power grid during peak demand periods when electricity rates are the highest. The ability to store energy also can make it possible for buildings and other critical facilities to continue to function in the event of disruptions on the power grid.
“Under Gov. Cuomo’s leadership, the state is leading in the development and use of clean energy technologies, including storage,” John B. Rhodes, president and CEO of NYSERDA, said. “We are now seeking the next wave of innovation to bring to customers the benefits of energy storage and to make energy use more efficient and the environment cleaner for all New Yorkers.”
As hardware costs are declining and interest in energy storage is growing, the state is committed to developing and growing its energy storage industry to help achieve its energy goals. However, while storage performs valuable system functions, it involves various stakeholders, programs and financial arrangements that can be difficult to navigate, making energy storage underutilized.
The funding awarded will address these barriers by seeking projects that will demonstrate how energy storage can provide multiple benefits and increase revenues among various stakeholders (electricity customers, storage vendors, developers and utilities) while creating a cleaner, more flexible energy system. Interested parties should submit concept papers describing their storage projects. Initial concept papers will be accepted through March 1, 2020, or until all funds are committed. Through a competitive process, NYSERDA will select the best projects to submit follow-up proposals for feasibility studies or full demonstration projects. The proposals selected will receive funding to complete their studies and demonstration projects.
Concept papers should focus on technologies that are already commercially available and have the potential for replication throughout the state. The proposed projects must show how they can support the state’s energy goals including renewable generation and greenhouse gas reduction.
“The funding announced today will advance energy storage demonstration projects to quantify the broad benefits and wide range of services provided by storage, and, in the process, support the wide-scale deployment of energy storage in New York,” said Dr. William Acker, executive director of NY-BEST.
The Energy Storage Industry in New York State: Recent Growth and Projections report showed that New York state saw jobs in the energy storage sector grow 30% from 2012 through 2015, with annual industry revenues in the state reaching an estimated $906 million during that period, for a 50% increase.
NYSERDA has invested in more than 50 energy storage technology development projects across the state as part of its energy storage program. It is also aiming to reduce “soft costs” associated with distributed energy storage systems by 33% in five years. These are typically non-hardware costs for such activities as permitting, financing, customer acquisition and interconnection.
Funding for the projects will be provided through the Clean Energy Fund. Visit the NYSERDA website for more information on energy storage and this funding. ♦