en
Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--As New York Governor Andrew Cuomo looks at the future electricity landscape of the Empire State, he sees a state where there is no coal-fired generation, where 50% of the state's electricity comes from renewable energy, including 2,400 megawatts (MW) of offshore wind generation, and where hundreds of electricity storage facilities are located across the state to store power generated by intermittent generating resources like wind and solar.
Cuomo disclosed some new elements of his bold energy vision for New York in his January 3 "state of the state" address. In the weeks before and after that address, the governor's office has released additional details reflecting his commitment to cleaning the state's electricity supply and protecting its air, water and land.
As first unveiled in last year's "state of the state" address, Cuomo wants to have at least 2,400 MW of offshore wind projects by 2030. A practical step toward reaching that goal occurred on January 29, when the New York State Energy Research and Development Authority (NYSERDA) (Albany, New York) released an offshore wind master plan that included issuing two requests for proposal (RFPs) over 2018 and 2019 for at least 800 MW of offshore wind generation. That's a down payment on Cuomo's plan for 2,400 MW of offshore wind for the state by 2030.
The Democratic governor, apparently relishing his role in opposing President Donald Trump, said in a press release: "While the federal government continues to turn its back on protecting natural resources and plots to open up our coastline to drilling, New York is doubling down on our commitment to renewable energy and the industries of tomorrow. We are drawing upon our world-class workforce, unmatched intellectual capital, physical infrastructure and financial institutions to develop this increasingly affordable clean energy source that creates good paying jobs while protecting (the state's) natural beauty and quality of life."
Although offshore wind power is widespread in Europe, in New York and other places across the U.S., offshore wind power has been a story of tremendous potential frustrated by the opposition of local forces. For related information, see March 13, 2017, article - Will Planned New York Project Ignite Offshore Wind Industry?, December 21, 2016, article - Offshore Wind Could be Next Big Boon for U.S. Energy and April 12, 2016, article - Study: Offshore Wind Power Could Surge if Massachusetts Makes a Big Commitment. The high-profile Cape Wind project off the coast of Nantucket was abandoned a few years ago after years of expensive litigation. The only offshore wind project operating in the U.S. is the 30-MW Block Island project off the Rhode Island coast. For more on that, see December 13, 2016, article - Block Island Windfarm Begins Operations in Rhode Island.
In New York, offshore wind project cancellations outnumber active projects by a 2-to-1 margin, according to Industrial Info's Global Market Intelligence (GMI) Platform. Projects listed as being "on hold" outnumber active projects by a 3-to-1 count. The platform is tracking 12 offshore wind projects in New York State. The two active projects total about 1,090 MW and have total investment value (TIV) of about $3.7 billion. The four cancelled projects, by contrast, have a TIV of $3.7 billion and total about 1,100 MW. The six projects that are "on hold" represent about $6 billion in TIV and about 1,877 MW in generating capacity.
By marshalling the energies of various executive-level agencies, such as NYSERDA, the Department of Public Service and the Department of Environmental Conservation, Cuomo may be more likely to realize his offshore wind vision. But if history is any guide, those who oppose offshore wind projects may fight the governor in court.
Turning to electricity storage, Cuomo wants to have 1,500 MW of storage projects operating by 2025. He called for a commitment of at least $200 million from the New York Green Bank for storage-related investments to help drive down costs and to strategically deploy energy storage to where the grid needs it most.
New York faces a number of energy-related challenges, including upgrading its aging energy infrastructure, which carries with it an estimated $30 billion price tag over the next 10 years, according to Cuomo's office. Moreover, as renewable energy sources produce a larger share of New York's electricity, New York also must address the intermittency of clean resources like wind and solar. Without methods to store the energy and dispatch it when and where it is needed, New York will face challenges integrating and maximizing the benefits of these clean resources.
"New Yorkers know too well the devastation caused by climate change," Cuomo said January 3. "In order to slow the effects of extreme weather and build our communities to be stronger and more resilient, we must make significant investments in renewable energy (and electricity storage). With this proposal, New York is taking bold action to fight climate change and protect our environment, while supporting and growing 21st century jobs in these cutting-edge renewable industries."
By 2020, Cuomo also wants to cease burning coal to generate electricity in New York. Currently, there are three operating coal-fired power plants in the state:
"Governor Cuomo has been working to transform the state's electricity and energy landscape for several years," commented Britt Burt, Industrial Info's vice president of research for the Global Power Industry. "His Reforming the Energy Vision (REV), which includes last month's expanded commitments to offshore windpower and electricity storage, reflect a rapidly changing electric marketplace. Some might see the governor's plans as a stretch, but given how fast technology advances are driving down the cost of renewable energy and storage, I'm not sure it's wise to bet against him."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Cuomo disclosed some new elements of his bold energy vision for New York in his January 3 "state of the state" address. In the weeks before and after that address, the governor's office has released additional details reflecting his commitment to cleaning the state's electricity supply and protecting its air, water and land.
As first unveiled in last year's "state of the state" address, Cuomo wants to have at least 2,400 MW of offshore wind projects by 2030. A practical step toward reaching that goal occurred on January 29, when the New York State Energy Research and Development Authority (NYSERDA) (Albany, New York) released an offshore wind master plan that included issuing two requests for proposal (RFPs) over 2018 and 2019 for at least 800 MW of offshore wind generation. That's a down payment on Cuomo's plan for 2,400 MW of offshore wind for the state by 2030.
The Democratic governor, apparently relishing his role in opposing President Donald Trump, said in a press release: "While the federal government continues to turn its back on protecting natural resources and plots to open up our coastline to drilling, New York is doubling down on our commitment to renewable energy and the industries of tomorrow. We are drawing upon our world-class workforce, unmatched intellectual capital, physical infrastructure and financial institutions to develop this increasingly affordable clean energy source that creates good paying jobs while protecting (the state's) natural beauty and quality of life."
Although offshore wind power is widespread in Europe, in New York and other places across the U.S., offshore wind power has been a story of tremendous potential frustrated by the opposition of local forces. For related information, see March 13, 2017, article - Will Planned New York Project Ignite Offshore Wind Industry?, December 21, 2016, article - Offshore Wind Could be Next Big Boon for U.S. Energy and April 12, 2016, article - Study: Offshore Wind Power Could Surge if Massachusetts Makes a Big Commitment. The high-profile Cape Wind project off the coast of Nantucket was abandoned a few years ago after years of expensive litigation. The only offshore wind project operating in the U.S. is the 30-MW Block Island project off the Rhode Island coast. For more on that, see December 13, 2016, article - Block Island Windfarm Begins Operations in Rhode Island.
In New York, offshore wind project cancellations outnumber active projects by a 2-to-1 margin, according to Industrial Info's Global Market Intelligence (GMI) Platform. Projects listed as being "on hold" outnumber active projects by a 3-to-1 count. The platform is tracking 12 offshore wind projects in New York State. The two active projects total about 1,090 MW and have total investment value (TIV) of about $3.7 billion. The four cancelled projects, by contrast, have a TIV of $3.7 billion and total about 1,100 MW. The six projects that are "on hold" represent about $6 billion in TIV and about 1,877 MW in generating capacity.
By marshalling the energies of various executive-level agencies, such as NYSERDA, the Department of Public Service and the Department of Environmental Conservation, Cuomo may be more likely to realize his offshore wind vision. But if history is any guide, those who oppose offshore wind projects may fight the governor in court.
Turning to electricity storage, Cuomo wants to have 1,500 MW of storage projects operating by 2025. He called for a commitment of at least $200 million from the New York Green Bank for storage-related investments to help drive down costs and to strategically deploy energy storage to where the grid needs it most.
New York faces a number of energy-related challenges, including upgrading its aging energy infrastructure, which carries with it an estimated $30 billion price tag over the next 10 years, according to Cuomo's office. Moreover, as renewable energy sources produce a larger share of New York's electricity, New York also must address the intermittency of clean resources like wind and solar. Without methods to store the energy and dispatch it when and where it is needed, New York will face challenges integrating and maximizing the benefits of these clean resources.
"New Yorkers know too well the devastation caused by climate change," Cuomo said January 3. "In order to slow the effects of extreme weather and build our communities to be stronger and more resilient, we must make significant investments in renewable energy (and electricity storage). With this proposal, New York is taking bold action to fight climate change and protect our environment, while supporting and growing 21st century jobs in these cutting-edge renewable industries."
By 2020, Cuomo also wants to cease burning coal to generate electricity in New York. Currently, there are three operating coal-fired power plants in the state:
- The Samuel A. Carlson Power Station in Jamestown, a 96-year-old plant with about 97 MW of generating capacity
- The Somerset Power Station, a 654-MW, 34-year-old facility located in Barker, and
- The Cayuga Power Plant, a 311-MW, 62-year-old facility located in Lansing
"Governor Cuomo has been working to transform the state's electricity and energy landscape for several years," commented Britt Burt, Industrial Info's vice president of research for the Global Power Industry. "His Reforming the Energy Vision (REV), which includes last month's expanded commitments to offshore windpower and electricity storage, reflect a rapidly changing electric marketplace. Some might see the governor's plans as a stretch, but given how fast technology advances are driving down the cost of renewable energy and storage, I'm not sure it's wise to bet against him."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
