By Iulia Gheorghiu
- New York Democratic Gov. Andrew Cuomo on Thursday announced a comprehensive state energy storage roadmap — 1,500 MW by 2025, as a first stop toward a larger goal by 2030.
- The roadmap’s recommendations range from using the previously announced $200 million investment from the NY Green Bank for strategic storage-related projects, along with changes to wholesale market rules, regulatory changes to utility rates and more.
- In February, New York announced its prospective plan for a 2025 storage target, along with other goals to be officially set later in the year, including energy efficiency and offshore wind targets.
The state is working on establishing a 2030 storage target by the end of the year, as it looks to pair storage with renewable electricity generation to further the state’s clean energy and climate goals.
Under Cuomo’s Reforming the Energy Vision strategy, the state is aiming for 50% renewable energy generation by 2030. New York also aims to reduce greenhouse gas emissions by 40% by 2030 and 80% by 2050, both compared to 1990 levels.
Existing state energy storage targets include California’s at 1,300 MW by 2020 and New Jersey’s at 2,000 MW by 2030. In addition, Massachusetts state regulators are considering an energy policy that would establish a 2,000 MW goal by 2025. New York’s 2030 target anticipated at the end of this year could put the state ahead as a leader in energy storage.
The roadmap includes cost projections based on deploying 1,500 MW of energy storage by 2025 and 2,795 MW of storage by 2030. It used an analysis from Acelerex estimating that the 2030 deployment would garner more than $1.1 billion in net benefits for ratepayers, by calculating transmission benefits from congestion relief, distribution savings, the cost of the avoided carbon dioxide emissions and other gains.