It was revealed today by the New York State Energy Research and Development Authority (NYSERDA) that more than $5 million is now available to help New York’s energy storage systems that can use saved energy and send it to the state’s power grid. The plan moves forward with the creation of flexible, long-term energy storage and other advanced battery energy storage solutions that can help connect current energy sources to the grid, allowing the state to reduce its reliance on fossil fuels to meet its energy needs during peak times.
NYSERDA President and CEO Doreen M. Harris says the opportunities created by innovative energy storage solutions can safely deliver more reliable electricity to New York communities as we build an affordable, sustainable, zero-emissions future. This critical funding will help advance the most promising technologies that will help reduce our dependence on fossil fuels, improve air quality, and manage energy costs.
The New York State Energy Research and Development Authority (NYSERDA) is hosting a competition to identify qualified individuals to develop and test long-lasting or advanced battery energy storage solutions utilizing electric, chemical, mechanical, or thermal-electric methods. The competition includes technologies such as devices, software, controls, and power electronics that work in conjunction with batteries.
You can also consider additional technology options that reduce the total cost of gear and installation for energy storage, enhance its performance, and demonstrate how it can integrate with the grid. We will only consider options that can be easily implemented and rolled out, clearly present their benefits to the public, and provide accurate data on the effects on energy, the environment, and the economy.
“Long Duration Energy Storage and other innovative energy storage technologies will provide critical services to the electrical grid, supporting reliability, infrastructure efficiency, reducing cost, and enabling our clean energy goals,”
said William Acker, executive director of NY-BEST. NY-BEST applauds NYSERDA’s leadership in advancing the development and deployment of these vital resources.
More than $30 million has been awarded to over 20 projects under this funding program, previously known as the Renewable Optimization and Energy Storage Innovation Program. It supports technologies such as hydroelectric storage, zinc-hybrid, hydrogen, vanadium flow, and iron-air battery advancements, among others. NYSERDA’s Innovation and Research program is investing about $1.2 billion over 15 years in direct research investments and commercialization support. To date, more than $800 million in assets have supported over 700 companies, making approximately 300 products commercially available to individuals, businesses, and utilities.
