To fully transition to a zero-emission grid, New York will need at least 12 GW of energy storage by 2040. While significant strides have been made in deploying utility-scale projects, we’ve only just begun to realize the potential for small, innovative projects that have the versatility to meet the broad spectrum of New York’s grid needs. Small, innovative projects have the capacity to provide critical grid functionality in dense, urban areas. Small projects are already being deployed to enhance building resilience, replace peaker power plants, enable EV charging, and provide off-grid power in remote areas.

These projects demonstrate ample opportunity for scalability. They stand to open new markets and deliver promising returns for early investors. Those who fail to position themselves in early projects as these developers scale risk being locked out of accessing substantial portfolios in the future.