The 20 MW utility-scale battery energy storage facility will help accelerate the target of 6 GW of energy storage by 2030.
Form Energy released a white paper that provides further evidence that multi-day energy storage, like its iron-air technology, can substantially reduce the costs for New York to achieve its ambitious decarbonization targets.
Four demonstration projects receive funding to test and scale different long-duration energy storage technology proposals.
The credit facility will help fund NineDot Energy’s pipeline of battery storage projects in New York State, and is the first pure play energy storage transaction completed by NY Green Bank.
pv magazine USA ventured to John Jay College in west midtown Manhattan for the NYC Solar + Storage Summit 2023 conference.
The Paris Agreement of 2015 marked a milestone in the effort to combat climate change, and since then, governments including Canada and the United States have undergone a political and economic transformation focused on achieving net-zero goals, with renewable energy resources, particularly solar energy, playing a vital role.
During the noon hour on May 18, 2023, NYISO reported that consumer and utility-side solar resources generated 3.33 GW of clean energy output, while the behind-the-meter portion of 3.2 GW and utility-operated 130 MW accounted for 20% of the state’s electricity demand.
The solar developer is also seeking another 16 MW of solar, mostly in the NYSEG power company region, to fill out the portfolio.
New York’s Large Scale Renewable Energy Program has awarded over 6.8 GWac of solar projects since 2017, with 80 MW coming online this spring.
The state expects to save $2 billion a year, while meeting 18% to 25% of current seasonal peak demand, once the total deployed capacity reaches 6 GW by 2030.
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