New York passes energy storage bill

29 June 2017, Week 25, Issue 564

New York’s state legislature has moved to establish an energy storage procurement target for 2030. The Energy Storage Deployment Program bill was passed unanimously, and directs the Public Service Commission (PSC) to develop a storage target, although stops short of a mandated capacity figure.

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Energy storage groups are confident that the bills – Senate Bill 5190 and Assembly Bill 6571 – will help to propel economic growth in the state. The initiatives are designed to help New York meet its target of obtaining 50% of its electricity from renewable sources by 2030. They could also lead to the creation of about 27,000 jobs by the same date, proponents say.

Although the PSC will have to work on the more specific aspects of the target, it should have a figure in place by the start of 2018. The New York State Energy Research and Development Authority (NYSERDA) will then work on an implementation programme.

The bill will now head to Governor Andrew Cuomo for signature, but is widely expected to be signed off. 

Meanwhile, NYSERDA also announced US$6.3 million of new funding to be made available for energy storage technologies “that have not yet been commercialised but could support renewable power sources in New York State.” The grants will form part of the state’s long-term investment in the sector and come on the back of Cuomo’s “Reforming the Energy Vision (REV)” strategy.

NYSERDA CEO and acting president Janet Joseph said: “New York continues to lead the nation in finding innovative technologies to build a resilient and efficient electric grid. Energy storage will play a critical role…as we continue to add renewable energy resources throughout the state making our power cleaner.”

The energy storage market has surged over the last two years as capacity has increased and costs have started to fall rapidly. The US market grew by 284% in 2016, according to the Energy Storage Association, and the global market is predicted to grow by 60% a year to 2020.

NYSERDA says that papers “should focus on advancing, developing and field testing of energy storage technologies that will address cost, performance and integration opportunities in New York. They should also identify how the technology will advance the state’s goal to have 50% of its electricity come from renewable resources by 2030.” 

The funding, part of the state’s US$5.3 billion Clean Energy Fund (CEF), follows a US$15.5 million programme earlier this year for energy storage projects that are already commercially viable and can help integrate renewable energy into the gird, save customers money and ease peak electricity demand. 

Edited by

Andrew Dykes

Editor

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