ENERGY STORAGE

NY state governor Hochul announces $5m for long-duration storage

June 14, 2024

New York State Governor Kathy Hochul has announced more than $5 million in funding for long-duration energy storage projects through New York State’s Renewable Optimization and Energy Storage Innovation Program.

The funding will advance the development and demonstration of “scalable innovative long-duration energy storage (LDES) solutions that harness and provide stored renewable energy to the State’s electric grid, helping to reduce harmful emissions from reliance on fossil fuels,” a statement from Governor Hochul’s office said.

Administered by the New York State Energy Research and Development Authority (NYSERDA), the funding will be made available through a “competitive solicitation for projects that will support innovative and under-utilised long-duration energy storage solutions, devices, software, controls, and other complementary technologies which are yet to be commercialised”.

To qualify, proposals must advance product development and demonstration projects in energy storage that are ten to more than 100 hours in duration.

Hochul said: “As we continue to build a clean energy future, we are making investments that will keep New York on the cutting edge of the latest energy storage technologies. This funding will spur innovation, ultimately helping to reduce our reliance on fossil fuels and make progress towards our clean energy goals.”