Renewables

New York State Offers Funding for Energy Storage Projects

By Editors of Power Engineering

The New York State Energy Research and Development Authority announced a funding initiative for energy storage projects supporting renewable energy technology and peak electric demand, Long Island News reported.

The initiative, which will total $15.5 million, is part of New York Governor Andrew Cuomo’s Reforming the Energy Vision program for the state.

“Under Governor Cuomo’s leadership, the state is leading in the development and use of clean energy technologies, including storage,” said John B. Rhodes, president and CEO of NYSERDA. “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.”

Funding will be awarded to projects that can demonstrate how energy storage can provide multiple benefits and increase revenue while delivering a cleaner, more flexible energy system. Systems should use technology that’s already commercially available and can be installed throughout the state.

Concept papers will be accepted through March 1, 2020, or until all available funds are committed.