Gov. Kathy Hochul’s new framework for New York State to achieve 6 GW of energy storage by 2030, which represents at least 20% of the peak electricity load of the state, was submitted by the New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Public Service (DPS) to the Public Service Commission for consideration. It proposes a comprehensive set of recommendations to expand New York’s energy storage programs to cost-effectively unlock the rapid growth of renewable energy across the state and bolster grid reliability and customer resilience.
If approved, the roadmap will support a buildout of storage deployments estimated to reduce projected future statewide electric system costs by nearly $2 billion, in addition to further benefits in the form of improved…