New York State’s Power Generation and Storage Innovation program has awarded nearly $13 million to 15 projects to support product development and demonstration of scalable long duration and other advanced battery energy storage solutions.
“Investing in next-generation energy storage technologies is critical to building a flexible and resilient grid that can make the most of our diverse energy resources,” said Doreen M. Harris, NYSERDA president and CEO. “These projects will advance promising solutions that can deliver power when it is needed most, strengthen grid performance and help drive down costs as we build a more affordable and reliable energy system for New York consumers.”
NYSERDA’s Power Generation and Storage Innovation program awards projects that develop and demonstrate innovative long duration energy storage (LDES) and other under-utilized, alternatives to traditional lithium-ion technologies. The awarded technologies include new designs for scalable LDES solutions that are over 10 hours in duration at rated power and will address cost, performance, and integration challenges such as grid congestion, hosting capacity constraints and lithium-ion siting limitations.
Public Service Commission Chair Rory Christian said, “Storage is poised to play an increasingly critical role in supporting a reliable, cost-effective, flexible, and lower emissions system as more clean energy resources are integrated into the grid, as well as enhance the efficiency of the state’s existing resources. NYSERDA’s dedication of these funds originating from innovation and research funding overseen by the Commission positions New York’s consumers to yield the promising long-term benefits expected by more complex and scalable applications of these technologies.”
All contracts are awarded to companies located in New York, partnered with New York companies or for development and demonstrations in the state. Today’s announcement supports NYSERDA’s Innovation and Research (I&R) program, which invests over $96 million per year to attract world-class energy innovators, reduce risk for private investors and remove barriers to clean energy adoption in New York State, leveraging $15 in additional investment for every $1 spent. NYSERDA has partnered with over 900 companies that have helped make more than 300 products commercially available for consumers, businesses and utilities.
Power Generation and Storage Innovation funding for comes from the state’s Clean Energy Fund.
News item from NYSERDA