CONNECT WITH US
EV & Mobility

EV & Mobility

NYSERDA picks eight projects for New York utility-scale energy storage programme

Energy-Storage.news logo

Published on

Add as a preferred source on Google
NYSERDA picks eight projects for New York utility-scale energy storage programme

The Bulk Energy Storage RfP opened for applications in July 2025 and marked the latest destination on a long road for New York State to scale the deployment of large-scale energy storage, primarily new battery energy storage system (BESS) facilities.

NYSERDA had been ordered to create the programme by the New York Public Service Commission (PSC) under the state’s Energy Storage Roadmap 2.0. The 2024 roadmap outlined New York’s path to meeting its ambitious 6GW by 2030 energy storage policy target, after Roadmap 1.0, published in 2018, set out support schemes that delivered on Residential and Retail deployments but were less successful in the Bulk category.

There have been various reasons cited for New York’s lagging adoption of utility-scale BESS, chief among them the wholesale market structure of grid operator NYISO, which does not allow for the kind of merchant revenues seen in more volatile electricity markets such as ERCOT in Texas, for example.  

Various industry voices had commented that essentially, this left developers in New York with a ‘missing money’ problem . The new programme hinges on a contract mechanism called the Index Storage Credit, whereby NYSERDA sets a guaranteed strike price for playing stored energy into NYISO markets . If the project earns more than the strike price, stakeholders pay the difference back; if revenues fall below the strike price, NYSERDA pays a top-up. In this way, it is hoped that developers and investors can have some revenue certainty without putting New York ratepayers out of pocket .


Source link
Related Topics:EV & Mobility

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.