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For Immediate Release: 03/20/2025 Rory M. Christian, Chair Contact:
James Denn | James.Denn@dps.ny.gov | (518) 474-7080 25038/18-E-0130 March 20, 2025
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PSC Approves Bulk Energy Storage Plan |
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Key Component of the State’s Storage Roadmap that Will Reduce Future Electric System Costs by Nearly $2 Billion
ALBANY — The New York State Public Service Commission (Commission) today approved, with modifications, the draft Bulk Energy Storage Program Implementation Plan, filed by the New York State Energy Research and Development Authority (NYSERDA). Specifically, the Commission directed NYSERDA to modify the implementation plan to include minimum maturity requirements, include uniform efficiency factors and to submit a proposal for calculating prices for multi-day energy storage resources, while also allowing for the participation of two-hour resources.
“Bulk energy storage is crucial as New York works to decarbonize our electric grid, manage increased energy loads, and optimize the integration and use of clean, renewable energy,” said Commission Chair Rory M. Christian. “Today’s decision moves forward our landmark energy storage program.”
In June 2024, Governor Hochul announced that the Commission had approved a new Energy
Storage Roadmap for the state to achieve a nation-leading six gigawatts (GW) of energy storage by 2030, which represents approximately 20 percent of the peak electricity load of New York State. The
Roadmap is a comprehensive set of recommendations to expand New York's energy storage
programs to cost-effectively unlock the rapid growth of renewable energy across the state and bolster
grid reliability and customer resilience. The six GW goal established in the Roadmap and adopted by the Commission in its 2024 energy storage order, was divided to ensure adoption across the retail, residential, and bulk energy storage sectors.
The 6 GW Roadmap will support a buildout of storage deployments estimated to reduce projected
statewide electric system costs by nearly $2 billion, in addition to further benefits in the form of
improved public health because of reduced exposure to harmful fossil fuel pollutants.
The Roadmap is a comprehensive set of recommendations to expand New York's energy storage
programs to cost effectively unlock the rapid growth of renewable energy across the state and bolster
grid reliability and customer resilience.
The Roadmap kicked off programs toward procuring an additional 4.7 GW of new storage
projects across the bulk (large-scale), retail (community, commercial and industrial), and residential
energy storage sectors in New York State. These future procurements, combined with the 1.3 GWs of existing energy storage being procured or already under contract with the state and moving toward commercial operation, will allow the state to achieve the six GW goal by 2030.
Energy storage plays a critical role in supporting New York's zero-emission electric grid by enabling
the integration of large quantities of renewable energy, helping to smooth generation, reduce
curtailment, and shift renewable generation to where and when it is needed most. As of April 1, 2024,
New York has awarded about $200 million to support approximately 396 megawatts (MWs) of operating energy storage projects in the state. There are more than 581 MWs of additional energy storage projects under contract and moving toward commercial operation. NYSERDA continues to offer incentives for an additional 323 MWs under the existing program, to reach the current 1.3 GW program total.
As New York electrifies buildings, transportation and industrial end uses, accelerating energy storage
deployment will provide a flexible solution to help meet these additional demands on the grid and
support the retirement of downstate fossil fuel generators near their end of life.
New York State's Climate Agenda
New York State's climate agenda calls for an affordable and just transition to a clean energy economy
that creates family-sustaining jobs, promotes economic growth through green investments, and
directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is
advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy,
buildings, transportation, and waste sectors.
Today’s decision may be obtained by going to the Commission Documents section of the
Commission’s Web site at www.dps.ny.gov and entering Case Number 18-E-0130 in the input box
labeled "Search for Case/Matter Number". Many libraries offer free Internet access. Commission
documents may also be obtained from the Commission’s Files Office, 14th floor, Three Empire State
Plaza, Albany, NY 12223 (518-474-2500). If you have difficulty understanding English, please call us
at 1-800-342-3377 for free language assistance services regarding this press release.
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