This past summer, New York hit a pivotal inflection point for energy storage growth—the State approved the long-awaited New York Energy Storage Roadmap 2.0. The Roadmap builds on a foundation of ambitious, legally binding climate goals enabled by the Climate Leadership and Community Protection Act, and sets a framework for the State to achieve a nation-leading 6 GW of energy storage by 2030. The Roadmap also solidifies the financial case for energy storage in New York, authorizing an additional $1.5–2.2 billion in ratepayer-funded incentives to speed the State towards its 6 GW goal.
The approval of the Roadmap has injected momentum into an industry that is backed by a robust ecosystem of technical assistance providers, permitting authorities, and utilities ready to support energy storage growth within the State. At the forefront is the New York State Energy Research and Development Authority (NYSERDA), which provides long-term market planning, programs, and incentives to speed deployments in Upstate and Downstate New York.
New York is emerging as a national hub for battery innovation and manufacturing. $113 million in funding from the U.S. Economic Development Administration and from New York State has been invested to set up the New Energy New York (NENY) coalition, which is fueling Upstate New York’s Southern Tier as a hub for manufacturing, testing, workforce development, and innovation. The NENY coalition aims to contribute to the growing labor pool—200,000 jobs —needed to support the U.S. battery supply chain by 2030 and position New York as a national center in energy storage manufacturing. Binghamton University anchors these efforts with Nobel Prize-winning expertise in lithium-ion battery technology and additional funding from the U.S. National Science Foundation to advance next-gen batteries.
Lending further stability are nation-leading energy storage experts New York Battery and Energy Storage Consortium (NY-BEST), who engage the robust ecosystem of technical assistance providers, permitting authorities, and utilities to provide critical support to developers navigating the State’s energy storage landscape.
“The approval of The Roadmap has injected momentum into an industry backed by a robust ecosystem of actors ready to support its growth.”