New York State offers $15.5m for energy storage

New York State is offering funding totalling $15.5 million (£12m) for energy storage projects. It is part of Governor Andrew M. Cuomo’s ‘Reforming the Energy Vision’ (REV) strategy to build […]

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By Priyanka Shrestha

New York State is offering funding totalling $15.5 million (£12m) for energy storage projects.

It is part of Governor Andrew M. Cuomo’s ‘Reforming the Energy Vision’ (REV) strategy to build a cleaner, more resilient and affordable energy system.

The energy storage projects must support renewable energy technologies, ease peak power demand burden on the power grid and help customers save money.

The New York State Energy Research and Development Authority (NYSERDA) will select the best projects to submit follow-up proposals for feasibility studies or full demonstration projects.

The proposals selected will receive funding to complete their research and demonstration projects.

John B. Rhodes, President and CEO of NYSERDA said: “Under Governor Cuomo’s leadership, the state is leading in the development and use of clean energy technologies, including storage.

“We are now seeking the next wave of innovation to bring to customers the benefits of energy storage and to make energy use more efficient and the environment cleaner for all Nee Yorkers.”

Last month the state awarded $11 million (£8.8m) for microgrid projects.