New York PSC Approves NYSERDA''s Billion-Dollar Bulk Energy Storage
Under the upcoming bulk storage incentive solicitations, energy storage developers will competitively bid in to be awarded an Index Storage Credit (ISC), which is a
The Bulk Energy Storage Program will use an innovative Index Storage Credit incentive, as established in the Order and modeled in part on the Renewable Energy Certificate (REC) and Offshore Wind Renewable Energy Credit (OREC) utilized in other NYSERDA programs.
New York Secretary of State Walter Mosley said, “In looking ahead for the state's future, bulk energy storage can provide the ability to store excess electricity during times of lower usage or high renewable production and return that electricity to the grid during peak times when it's needed most.
Categories: Renewable Energy Credits, Energy Policy, State Implementation Plans, Energy Storage, Batteries New York State continues to advance its bulk energy storage deployment efforts, and a final Bulk Storage Implementation Plan is now likely to be made public before the end of April—with procurements set to begin by June 30, 2025.
At least two more annual solicitations are anticipated in 2026 and 2027. Under the upcoming bulk storage incentive solicitations, energy storage developers will competitively bid in to be awarded an Index Storage Credit (ISC), which is a design modeled after NYSERDA's Renewable Energy Credit market under its Large-Scale Renewables program.
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