On December 28, 2022, staff of the New York State Department of Public Service (DPS) and the New York State Energy Research and Development Authority (NYSERDA) released the much-awaited New York’s 6 GW Energy Storage Roadmap: Policy Options for Continued Growth in Energy Storage (Roadmap). This Roadmap builds upon a prior roadmap issued in 2018 and puts forward a comprehensive plan to deploy six gigawatts (GW) of energy storage by 2030 – a goal Governor Kathy Hochul announced in her January 2022 State of the State address, and which doubled New York’s existing commitment at that time.
A key headline of this Roadmap is the proposal of a new, centralized procurement mechanism for bulk energy storage projects: the Index Storage Credits (ISC). The ISC would be similar to the Index REC structure used for NYSERDA’s procurement of “Tier 1” large-scale onshore renewable energy…