NYCEDC Advances Green Economy Action Plan with Support of Major Battery
The IDA has supported approximately 254MW of battery storage capacity in New York City, generating more than $400 million of private investment and supporting progress
Courtesy of Salt River Project The U.S. energy storage industry will invest $100 billion over the next five years to build and buy batteries made in the United States, the American Clean Power Association and company representatives said Tuesday.
“Battery storage will play a significant role in advancing New York City's just transition to a clean energy future and will help to replace dependency on highly pollutive peaker plants that emit dangerous pollutants - ultimately creating a brighter and healthier future for all New Yorkers,” said NYCEDC President & CEO Andrew Kimball.
Among the most promising advancements is the deployment of commercial and industrial energy storage systems that not only enables a more resilient and flexible energy infrastructure but also enhances cost savings, energy independence, and sustainability outcomes for businesses and the grid.
The industry's investment will advance a manufacturing expansion in the United States with the aim of enabling American-made batteries to meet 100% of domestic energy storage project demand.
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