NYPA Moves to Accelerate Grid Flexibility to Combat Climate Change
In a press release, the New York Power Authority (NYPA) announced a plan to invest $250 million between now and 2025 to accelerate the flexibility of the electric grid by providing New Yorkers greater access to renewable energy resources, including wind and solar power. The collaborative investment will address a number of market and financing barriers, accelerate implementation of up to 150 MW of grid flexibility projects, and decrease market risk. Public-private “test-and-learn” projects will drive energy storage implementation to help reach the state’s storage deployment target of 1,500 MW by 2025. The investment supports the goals outlined in the New York Energy Storage Roadmap and in Governor Andrew Cuomo’s Reforming the Energy Vision (REV) strategy. NYSSGC board member, Alicia Barton, president and CEO at New York State Energy Research and Development Authority noted that “in order to meet Governor Cuomo’s ambitious energy storage target, public private partnerships will play a critical role in ensuring the development of this evolving technology can provide the greatest benefit to both consumers and our electric grid.” For the NYPA press release, click here.