Key Capture Energy has completed its 20-MW battery storage installation and kicked off an ambitious New York state program surrounding incentives to develop energy storage deployment.
The project, called KCE NY1, is located in the Capital Region around Albany and is the company’s first since it moved there from Houston last year. KCE NY1 is the state’s largest energy storage system so far and the first completed under the New York State Energy Research and Development Authority’s (NYSERDA) incentive program for the battery technologies.
Gov. Andrew Cuomo has set a target of 3,000 MW in energy storage capacity statewide by 2030.
“New York State has the most ambitious energy storage deployment target in the U.S., and NYSERDA plays a vital role in promoting the state’s clean energy future,” Dan Fitzgerald, co-founder and COO of Key Capture Energy, said in a statement. “We are so pleased to have been selected as the first Bulk Storage Incentive program award recipient and applaud the state’s programs that support innovative energy solutions, while benefiting the state’s economy and environment. We look forward to being a part of the next generation of New York State’s electric grid.”
Key Capture Energy’s project will help balance electric load and generation by storing and discharging power based upon the changing needs of the grid. By doing so, the battery is providing similar services to the electric transmission system as those provided by certain fossil fuel power plants, and will thereby help to reduce greenhouse gas emissions.
“This first project under NYSERDA’s energy storage incentive program– the largest battery installation in the state to date—will enhance our electric system and demonstrate the value of large scale energy storage systems that will accelerate our ability to meet the state’s commitment to a carbon-free electric system by 2040,” Alice Barton, president and CEO of NYSERDA, said.
Key Capture Energy was awarded $1.3 million from NYSERDA under the Bulk Storage incentive program for this project. The incentive program also provides $149 million for retail storage projects–customer or distribution utility-sited systems below five MW which are smaller and installed alone or paired with onsite generation such as solar.
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Energy Storage Breakthroughs and Decentralized Energy will be discussed fully in content at POWERGEN International happening Nov. 19-21 in New Orleans. Utilities and companies presenting case studies and other details surrounding energy storage at POWERGEN will include Lincoln Electric System, Louisville Gas & Electric/Kentucky Utilities, Cool Solutions, AEP Onsite Partners, Burns & McDonnell and more.