Energy Storage Program
Energy storage is essential to a resilient grid and clean energy system. Learn about the types of energy storage, available incentives, and more.
NYCIDA closed its largest battery energy storage project to date, the East River Energy Storage Project, located on an industrial site on the East River in Astoria, Queens. When built, the facility will be able to hold up to 100 megawatts (MW) and power over tens of thousands of households.
Comments submitted to the PSC by LDES technology developers Form Energy, Hydrostor and Plug Power cheered the recommendations, with Form Energy recommending multi-day storage projects be included in all future grid planning processes and Hydrostor advocating for projects greater than 100 MW.
Storage will increase the resilience and efficiency of New York's grid, which will be 100% carbon-free electricity by 2040. Additionally, energy storage can stabilize supply during peak electric usage and help keep critical systems online during an outage. All of this while creating an industry that could employ at least 30,000 New Yorkers by 2030.
New York State aims to reach 1,500 MW of energy storage by 2025 and 6,000 MW by 2030. Energy storage is essential for creating a cleaner, more efficient, and resilient electric grid. Additionally, these projects will provide meaningful benefits to Disadvantaged Communities and Low-to-Moderate Income New Yorkers.
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