New York allocates USD 280 million for energy storage projects

The New York State Energy Research and Development Authority (NYSERDA) will allocate USD 280 million for energy storage projects across the state to accelerate industry growth and drive deployment and The funding is part of a USD 400 million investment to achieve the state’s goal of deploying 3 GW of energy storage by 2030. The NYSERDA funding will be available in two categories i.e. USD 150 million for bulk storage projects over 5 MW that primarily provide wholesale market energy and distribution services and USD 130 million for customer-sited retail storage projects below 5 MW that can be installed alone or paired with onsite generation.

Source : https://bit.ly/2IY8tlw