New York Offers $8.1M to Reduce Energy Storage Soft Costs

New York is offering $8.1 million for strategies to reduce energy storage soft costs, which can account for more than 25 percent of the price.

The New York State Energy Research and Development Authority (NYSERDA) issued a request for proposals (RFP) this week seeking contractors to provide technical assistance.

The authority sees energy storage as “a significant economic development opportunity,” says the RFP. Analysts expect global energy storage installations to grow from a 538 MW in 2014 worth $675 million to 21,000 MW in 2024 worth $15.6 billion, and up to $400 billion in annual sales by 2030.

The state also expects energy storage to be a pillar of the electric system as that state’s Reforming the Energy Vision policy takes shape and creates a more distributed grid.

New York in a blackout during Hurricane Sandy. Image: wikimedia commons / David Shankbone.

New York in a blackout during Hurricane Sandy. Image: wikimedia commons / David Shankbone.

Because local factors tend to drive energy storage soft costs, NYSERDA believes it can have an influence on them. The authority seeks strategies to drive down soft costs by 25 percent per kWh by 2019 and 33 percent or more by 2021 compared to a 2015-16 baseline of approximately $220/kWh.

Read More

 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

The UK National Energy Grid – A Story of Islands, Trading, and Energy Storage

As first seen in Energy Global, grid software acts as a modern-day map, helping to chart and navigate today’s energy grids; software engineers are tasked with carefully delineating how each region’s energy markets operate. However, looking more closely at energy markets makes clear how unique each market is – each defined by different topography, resources,…

Read More

Product Development: Embracing product safety and compliance

PRODUCT DEVELOPMENT: EMBRACING PRODUCT SAFETY AND COMPLIANCE Recent safety incidents on storage plants have raised concerns about the fire safety of battery storage systems. Such events are extremely rare compared to the cumulated global deployments of energy storage systems, which have reached more than 27 GWh by end of 2020 (Wood Mackenzie 2021). However, for…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x