PSC Approves NYSERDA''s Bulk Energy Storage Program Implementation 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
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.
The PSC's subsequent 2024 Energy Storage Order approved the energy storage programs described in the Roadmap in order to achieve a total of 4,700 megawatts ("MWs”) of incremental installed capacity of energy storage spanning the bulk, retail, and residential sectors.
Payment of prevailing wage as a programmatic requirement for energy storage projects with a capacity of one megawatt and above, demonstrating the state's continued commitment to driving family-sustaining jobs in clean energy.
The PSC additionally directed NYSERDA to ensure that the ISC cost evaluation accurately assesses for the potential in capacity price decline, and to cap the amount of 2-hour resources that can be awarded ISC contracts to 10 percent of the total amount of the 3 GW of planned bulk energy storage procurements.
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