NY-BEST News: Press Releases

NY - BEST Applauds the NYS Legislature for Unanimous Passage of Energy Storage Deployment Bill

Thursday, June 22, 2017  
Posted by: Denise Sheehan
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NY-BEST Applauds the NYS Legislature for Unanimous Passage of Energy Storage Deployment Bill Legislation recognizes the important role for energy storage in modernizing New York’s electric grid (Albany, NEW YORK, June 22, 2017) – The New York Battery and Energy Storage Technology Consortium (NY-BEST) today applauded the New York State Legislature for its unanimous passage of The Energy Storage Deployment Program bill.  The bill, sponsored by Assemblywoman Amy Paulin and Senator Joseph Griffo, provides a regulatory framework for the Public Service Commission to establish an energy storage deployment program. “NY-BEST and our members in the energy storage industry are extremely grateful to Senator Griffo and Assemblywoman Paulin for their leadership and to the entire New York State Legislature for their strong support of energy storage, as evidenced by the Legislature’s unanimous passage of this bill,” said Dr. William Acker, Executive Director of NY-BEST, “Energy storage has an important role to play in modernizing New York’s electric grid, providing real benefits for ratepayers and producing environmental and economic benefits for the state. This legislation will help accelerate deployment of important storage resources on the state’s electric grid.” The bill would require the Public Service Commission to establish a target amount of energy storage to be deployed in New York through 2030 and to create programs that will enable the State to meet the target. It will next go to Governor Andrew Cuomo for his action. “Energy storage plays an important role in creating a more efficient, cost-effective and reliable electric grid system. Energy storage technologies, such as advanced batteries, are being developed right here in New York State and this legislation will help deploy these technologies on New York’s electric grid, creating new jobs and supporting the State's economy," said Senator Joseph Griffo. “Expanding energy storage is critical for New York to meet its goals by enabling renewable energy to be used continuously, reducing the need for energy produced using fossil fuels,” Assemblywoman Amy Paulin said, “Storage also increases the resiliency of the electric grid by supplying power in the event of an electrical outage. The creation of an energy storage deployment program will increase the installation of energy storage systems throughout the state and accelerate these benefits.” The legislation aligns with New York State’s Clean Energy Standard, which mandates that 50 percent of the State’s energy come from renewable sources by 2030, and the State’s Reforming the Energy Vision initiative which seeks to create a cleaner, more affordable and resilient grid through the increased use of distributed energy resources, such as solar and energy storage. Energy storage provides flexible, reliable power that produces no greenhouse gas or harmful air emissions. Pairing storage with renewable energy like wind and solar power allows the energy that is generated when the sun is shining and the wind is blowing to be stored for use at a later time. In this way, storage helps balance supply and demand, reduces pressure on the electric grid at peak demand times, and makes the electric grid system more flexible, efficient and resilient.  Energy storage also has the ability to rapidly respond to fluctuating demands for electricity, helping to stabilize the grid and ensure system reliability. The global energy storage sector is growing rapidly and the State is beginning to experience some of that growth. A recent report by the New York State Energy Research and Development Authority found that the number of jobs in New York’s storage industry grew by 1,000 between 2012 and 2015, a 30 percent increase.  The report also noted that job growth in New York could grow to nearly 27,000 jobs by 2030, assuming favorable policy and regulatory programs are in place. Earlier this year NY-BEST and Strategen Consulting released a study showing that energy storage, along with a portfolio of other clean energy sources, can fill the expected capacity gap when Indian Point Nuclear Power Plant closes, producing savings for customers and reducing greenhouse gas emissions. That Study can be viewed here:  https://www.strategen.com/new-blog/2017/5/8/indian-point-replacement-options About NY-BEST The New York Battery and Energy Storage Technology (NY-BEST) Consortium is a non-profit corporation and industry-led consortium with more than 150 organizational members. NY-BEST’s mission is to catalyze and grow the energy storage industry and establish New York State as a global leader in the energy storage industry. Visit us on the web at www.ny-best.org ###     Contact: Denise Sheehan, NY-BEST Phone: (518)463-8644 (office), (518)429-6924 (mobile) Email: denise@caphill.com  

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