This December, the New York Public Service Commission approved two initiatives to address climate change:
1. An ambitious energy storage target of 3,000 MW by 2030
2. The acceleration of progress toward meeting New York state’s energy efficiency goals.
The PSC set an interim goal of 1,500 MW by 2025, as well as a new energy efficiency target for the state’s investor-owned utilities that aim to more than double utility energy efficiency reductions by 2025.
Tasked with the biggest share, Con Edison is ordered to procure 300 MW of storage in their greater New York City territory. The remaining five investor-owned utilities are obliged to procure at least 10 MW of storage each. The PSC ordered the state IOU’s to directly procure energy storage resources on the state’s bulk power system via competitive solicitation and have the facilities in service by Dec. 31, 2022. Each utility must submit plans for the competitive procurement process by Feb. 11, 2019.
The initiatives are part of Gov. Andrew Cuomo’s “Reforming the Energy Vision” project that includes a Clean Energy Standard to generate 50% of the state’s electricity from renewable energy sources by 2030. To accelerate energy storage initiatives, New York State is using $310 million in bridge incentive funds to kick-start the energy storage market. The New York State Energy Research and Development Authority (NYSERDA) has 60 days to develop a plan on how they will allocate those bridge funds. Cuomo’s NY-Sun program will provide $40 million which aims to support solar storage projects. This will accelerate the deployment of at least 50 MW of energy storage paired with solar.
The PSC said those targets would put New York on a path to achieve the overall state goal of clean energy generation and carbon reduction. NuEnergen Energy Management firm’s broad but effective Client base from government to education sectors are prime candidates to participate in these types of programs. It’s a great opportunity to educate and partner with Clients to aid in Gov. Cuomo’s initiative and showcase NuEnergen’s commitment to energy efficiency as a fellow New York neighbor.