The new order puts the state on track to install 6 GW of energy storage by 2030.
Also on the rise: NY invests $5 million in long-duration energy storage. Solar-powered bus depot features green hydrogen production. And more.
NYSERDA is allocating $5 million to fund up to 50% of project costs for developing energy storage systems capable of operating for 10 to 100 hours, addressing key integration challenges and promoting viable economic products within New York’s energy grid.
The office of Governor Hochul released funds administered by the New York State Energy Research and Development Authority (NYSERDA).
Following the investment round from Manulife Investment Management, NineDot Energy has now secured a capital base of $400 million.
Also on the rise: Treasury overloaded by renewable energy low-income tax credit applications. RFP alert: New York seeks “expedited” solar. And more.
As part of the state’s recently launched ten-point plan to speed up the deployment of renewable energy, New York has released an RFP to maintain momentum toward its clean energy goals, with project awards imminent. Initial applications are due in ten days.
This top community solar market has a total of 5 GW of distributed solar and another 3.3 GW in development.
The 111.5 acre former iron ore mine has undergone zoning and interconnection work by New York’s NYSERDA team to minimize risks associated with developing projects on sites that the state deems ideal for hosting solar power projects.
The 20 MW utility-scale battery energy storage facility will help accelerate the target of 6 GW of energy storage by 2030.
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