Freetown New Energy Storage Technology: Powering the Future
Here''s the kicker: Freetown''s 20-foot container systems now pack 6MWh – triple 2023''s capacity [3]. It''s like swapping a scooter for a freight train in energy terms.
The storage industry anticipates this to be passed into law in 2022, and that it will apply to projects that achieved commercial operation after December 31, 2020, reducing the risks and uncertainty in energy storage project economics.
Additionally, while the most recent retail energy storage incentive available through the New York state is accounted for by projects currently in development, it is anticipated that a new lower block of incentives will be made available, specifically for ESS projects in NYC.
Nonetheless, energy storage accounts for only about 2% of total U.S. energy capacity.36 FOTM systems have driven the bulk of this growth in installed ESS capacity. Under the Climate Leadership and Community Protection Act (CLCPA) passed in 2019, New York State (the State) established an ambitious goal for energy storage of 3 gigawatts by 2030.
Energy Storage: Characteristic data on all energy storage installed statewide. Performance data from operational and completed energy storage projects funded by NYSERDA under the Bulk and Retail Energy Storage incentive programs.
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