CEO Statement on Announcement of New York State Energy Storage Target

New York cements its leadership position with biggest energy storage target in the country

The Energy Storage Association (ESA) commends the New York Public Service Commission for demonstrating a commitment to a more resilient, efficient, sustainable, and affordable electricity grid through the adoption of an energy storage deployment target of 3,000 MW by 2030. This target, developed through a robust stakeholder process and supported by strong economic modeling, provides a bold, overarching vision for energy storage deployment in the State of New York. Moreover, several innovative and important programs, which the Commission and the New York State Energy Research and Development Authority (NYSERDA) will develop in the coming year, represent critical and demonstrable accountability mechanisms that will generate an important, long-term signal to the storage industry to invest and hire in New York.

New York State continues to serve as a leader in the march toward realizing the industry’s vision of 35 GW of new energy storage by 2025. The programmatic elements and market reforms that will support achievement of New York’s 2030 target will result in over $1.2 billion in net benefits, nearly 2 million metric tons of avoided carbon dioxide, and approximately 27,000 manufacturing and installation jobs.

Governor Cuomo and New York’s regulators have strongly indicated the preferred direction for integration of energy storage at scale, and we look forward to working with them and with the New York Independent System Operator (NYISO) to establish a wholesale market framework capable of enabling the State to reach its 2030 target in a cost-effective and appropriate manner.