New York State has announced a $55 million investment plan to deploy battery energy storage systems on Long Island, including commercial and residential projects.
Governor Andrew Cuomo (pictured) said the programme would be launched with an initial rollout of nearly $15m in incentives from the New York State Energy Research and Development Authority.
The move aims to speed up moves by the state towards achieving a target of 3,000 megawatts of energy storage deployed by 2030, which Cuomo said is the equivalent to powering 40% of New York’s homes.
Customers in Long Island that install commercial energy storage systems of up to 5MW and residential solar-plus-storage will be eligible for incentive payments of $250 per kWh of storage installed.
Earlier this year, the New York Power Authority launched an ‘Innovation Challenge’ to help spur development of a “backbone” grid-linked charging network across the state to expand the use of electric vehicles and energy storage.