PSC Approves NYSERDA''s Bulk Energy Storage Program
The 2024 Energy Storage Order established a statewide goal of deploying 3,000 MW of new bulk energy storage by 2030 and required that NYSERDA submit a draft
Residential Energy Storage Program (Residential Program) The Residential Program will be allocated $100 million for incentives, from the $1.2 billion program budget authorized by the 2024 Order.
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.
The 2024 Energy Storage Order adopted the ISC mechanism described in the Roadmap to help drive investment in bulk energy storage resources. The ISC represents 1 MWh of energy storage capacity that is operational and available on a given day, with units considered either available or unavailable for the entire day.
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.
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