Energy Storage in New York

In his 2018 State of the State, Governor Andrew M. Cuomo announced a 1,500 MW energy storage target for New York State by 2025 to put New York on a path toward the 2030 goal of 3,000 MW established by the Public Service Commission in December 2018.

To help reach these targets, NYSERDA and the Department of Public Service (DPS), in conjunction with stakeholders, developed the New York State Energy Storage Roadmap. The Roadmap identified the most promising near-term policies, regulations, and initiatives needed to realize the Governor’s ambitious 2025 and 2030 energy storage targets.

The PSC recently issued an OrderLink opens in new window - close new window to return to this page., based upon the Roadmap recommendations, establishing a 2030 storage goal and deployment mechanisms to achieve both the 2025 and 2030 energy storage targets.

To jump start the energy storage market, the PSC Order focuses on:

  • Improving the overall efficiency of the system by stimulating third party investment
  • Uncovering and rewarding locational and time-of-day values
  • Spurring the pace of cost-reduction and efficiencies by seeking markets at scale and promoting competition
  • Removing impediments to accessing finance as well as data that highlights areas of the grid with the greatest need for the benefits of storage
  • Authorizing $350 million in bridge incentives to accelerate the energy storage market, including funding for solar-plus-storage projects within NY-Sun
  • Directing the State’s six investor owned utilities to hold competitive procurements for a minimum of 350 MW of bulk-sited energy storage
  • Regulatory changes to customer rates and utility solicitations that reflect the environmental benefits and resiliency that energy storage brings to the grid
  • Continued efforts to streamline permitting and siting challenges, reduce the non-hardware costs of energy storage, and ensure straightforward access to market rules and opportunities

To support the energy storage market acceleration, NY Green Bank is soliciting direct interest from project developersLink opens in new window - close new window to return to this page.. This will realize Governor Cuomo’s commitment that NY Green Bank make $200 million available for energy storage.