What is the implementation plan for bulk energy storage?

The Implementation Plan provides an operating framework for the program, with additional details to be provided in Bulk Energy Storage program solicitations. The plan begins with background on the 2019 Climate Leadership and Community Protection Act (the “Climate Act”) and the 2022 Energy Storage Roadmap (the “Roadmap”) as updated in March 2024.

When did the New York State Energy Storage Commission approve a plan?

On June 20, 2024, the Commission approved the Order Establishing Updated Energy Storage Goal and Deployment Policy, which adopted the expanded statewide 6 GW deployment goal and approves many of the Roadmap recommendations for achieving the goal. 3 On October 18, 2024, NYSERDA filed an Implementation Plan Proposal for public comment.

Will New York achieve 6 gigawatts of energy storage by 2030?

“Today’s decision moves forward our landmark energy storage program.” In June 2024, Governor Hochul announced that the Commission had approved a new Energy Storage Roadmap for the state to achieve a nation-leading six gigawatts (GW) of energy storage by 2030, which represents approximately 20 percent of the peak electricity load of New York State.

What is New York's energy storage plan?

Accordingly, the 2024 Energy Storage Order directed NYSERDA “to include in each bulk procurement a target of 20 percent of long-duration, 8-hour energy storage resources, to move New York towards installing the necessary amount of LDES by the mid-2030s.” 13

What is the 2022 energy storage plan?

The plan begins with background on the 2019 Climate Leadership and Community Protection Act (the “Climate Act”) and the 2022 Energy Storage Roadmap (the “Roadmap”) as updated in March 2024. The plan then outlines the structure of the program, with a focus on the Index Storage Credit (ISC) incentive mechanism.

How long has the PSC been working on an energy storage plan?

Efforts towards a finalized implementation plan have been ongoing since June 2024, when Governor Hochul first announced that the PSC had approved an Energy Storage Roadmap in furtherance of the state’s goal to achieve six gigawatts (“GWs”) of energy storage by 2030.