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Released January 05, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, the New York State Energy Research and Development Authority (NYSERDA), the New York State Department of Public Service and Governor Kathy Hochul announced a roadmap for deploying 6 gigawatts (GW) of energy storage across the state by 2030--double the 3-GW target under current legislation. The plan also features an interim goal of 1.5 GW by 2025 as the state aims to generate 70% of its electricity from renewable sources by 2030 and reach 100% emission-free generation by 2040. Industrial Info is tracking more than $7.5 billion worth of energy-storage projects in New York, nearly all of which is in the pre-construction stage.
According to a related press release, the roadmap, which was submitted to the state's Public Service Commission (PSC) for consideration, proposes "NYSERDA-led programs towards procuring an additional 4.7 gigawatts of new storage projects across the bulk (large-scale), retail (community, commercial and industrial), and residential energy storage sectors in New York State. These future procurements, combined with the 1.3 gigawatts of existing energy storage already under contract with the State and moving towards commercial operation, will allow the State to achieve the six-gigawatt goal by 2030."
The roadmap noted a total cost estimate broken out by three programs: retail, residential and bulk storage. Bulk storage refers to projects with a capacity greater than 5 MW. "The total cost for the three incentive programs procuring up to 4,700 MW of energy storage, inclusive of administrative costs and provided on a net present value basis (2022$), is expected to be between $1.0 billion to $1.7 billion, paid out over 22 years."
The PSC's decision is expected sometime in 2023.
The roadmap also proposes prioritizing investment in research and development of long-duration energy storage--which is defined as energy storage that can power the grid for 10 hours or more--among other recommendations.
The roadmap estimates that about 12 GW of energy storage will be needed by 2040 and a total of 17 GW will be needed by 2050; according to the press release, as of November, the state's currently installed energy-storage capacity was 130 megawatts (MW).
Hochul said: "Storing clean, renewable energy and delivering it where and when it is needed is one of the most critical challenges we must overcome to reduce statewide emissions, especially from traditional fossil fuel peaker plants."
Hochul first announced the target in her State of the State address in January 2022.
Among the energy-storage projects in the Empire State is the construction of the East River battery energy storage system (BESS) in the Astoria neighborhood of Queens, which is planned to kick off in March and reach completion by the end of the year. The 100-MW project would be built on the site of the former Charles Poletti Power Plant, a fossil-fuel facility that halted operations in January 2010. The New York Power Authority (NYPA) is leasing the property to 174 Power Global Corporation (Irvine, California)--a subsidiary of Hanwha Group (Seoul, South Korea). Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed project report.
A unit of 174 Power, East River ESS, LLC, is developing the project--which features a seven-year energy-supply agreement with Consolidated Edison Incorporated (NYSE:ED) (ConEd) (New York, New York). ConEd delivers electricity, natural gas and steam, and serves 3.5 million customers in New York City and Westchester County.
Quinbrook Infrastructure Partners (Queensland, Australia) is planning for the construction of a 120-MW proposed $200 million Oakdale BESS in Johnson City, in the southern part of the state. The battery-storage unit would utilize Powin's (Portland, Oregon) grid-scale lithium-ion technology and interconnect with New York State Electric and Gas' (NYSEG) Oakdale Substation. NYSEG is a subsidiary of Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut).
Subscribers to the GMI Power project and plant databases can see information on the BESS project and Oakdale Substation.
NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) is planning a proposed $135 million BESS unit at its North Side Energy Center in upstate New York. Construction on the 110-MW battery-storage project is planned to begin January 2024. Subscribers can click here for the project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of energy-storage projects across New York State.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
According to a related press release, the roadmap, which was submitted to the state's Public Service Commission (PSC) for consideration, proposes "NYSERDA-led programs towards procuring an additional 4.7 gigawatts of new storage projects across the bulk (large-scale), retail (community, commercial and industrial), and residential energy storage sectors in New York State. These future procurements, combined with the 1.3 gigawatts of existing energy storage already under contract with the State and moving towards commercial operation, will allow the State to achieve the six-gigawatt goal by 2030."
The roadmap noted a total cost estimate broken out by three programs: retail, residential and bulk storage. Bulk storage refers to projects with a capacity greater than 5 MW. "The total cost for the three incentive programs procuring up to 4,700 MW of energy storage, inclusive of administrative costs and provided on a net present value basis (2022$), is expected to be between $1.0 billion to $1.7 billion, paid out over 22 years."
The PSC's decision is expected sometime in 2023.
The roadmap also proposes prioritizing investment in research and development of long-duration energy storage--which is defined as energy storage that can power the grid for 10 hours or more--among other recommendations.
The roadmap estimates that about 12 GW of energy storage will be needed by 2040 and a total of 17 GW will be needed by 2050; according to the press release, as of November, the state's currently installed energy-storage capacity was 130 megawatts (MW).
Hochul said: "Storing clean, renewable energy and delivering it where and when it is needed is one of the most critical challenges we must overcome to reduce statewide emissions, especially from traditional fossil fuel peaker plants."
Hochul first announced the target in her State of the State address in January 2022.
Among the energy-storage projects in the Empire State is the construction of the East River battery energy storage system (BESS) in the Astoria neighborhood of Queens, which is planned to kick off in March and reach completion by the end of the year. The 100-MW project would be built on the site of the former Charles Poletti Power Plant, a fossil-fuel facility that halted operations in January 2010. The New York Power Authority (NYPA) is leasing the property to 174 Power Global Corporation (Irvine, California)--a subsidiary of Hanwha Group (Seoul, South Korea). Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed project report.
A unit of 174 Power, East River ESS, LLC, is developing the project--which features a seven-year energy-supply agreement with Consolidated Edison Incorporated (NYSE:ED) (ConEd) (New York, New York). ConEd delivers electricity, natural gas and steam, and serves 3.5 million customers in New York City and Westchester County.
Quinbrook Infrastructure Partners (Queensland, Australia) is planning for the construction of a 120-MW proposed $200 million Oakdale BESS in Johnson City, in the southern part of the state. The battery-storage unit would utilize Powin's (Portland, Oregon) grid-scale lithium-ion technology and interconnect with New York State Electric and Gas' (NYSEG) Oakdale Substation. NYSEG is a subsidiary of Avangrid Incorporated (NYSE:AGR) (Orange, Connecticut).
Subscribers to the GMI Power project and plant databases can see information on the BESS project and Oakdale Substation.
NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) is planning a proposed $135 million BESS unit at its North Side Energy Center in upstate New York. Construction on the 110-MW battery-storage project is planned to begin January 2024. Subscribers can click here for the project report.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of energy-storage projects across New York State.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
