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Manufacturing key to unlocking New York State’s energy storage jobs potential

Tuesday, December 4, 2018  
Posted by: Denise Sheehan
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Manufacturing key to unlocking New York State’s energy storage jobs potential

Report offers strategies for the Empire State to grow energy storage ecosystem to create more than 27,400 jobs and keep economic benefits local   ALBANY, N.Y. – Bolstering manufacturing and growing a robust energy storage ecosystem is crucial for New Yorkers to capture the economic benefits of the state’s energy storage deployment goals, reveals a report out today from the American Jobs Project in partnership with the New York Battery and Energy Storage Technology Consortium (NY-BEST). The report, The New York Jobs Project: A Guide to Creating Jobs in Energy Storage, which comes out in advance of the Public Service Commission’s order on the New York State Energy Storage Roadmap, offers policy recommendations to elevate local manufacturers and create good-paying jobs as the state boosts deployment.   “As New York works to scale energy storage deployment, the choices we make now will shape how we grow this sector,” said William Acker, Executive Director of NY-BEST. “The New York Jobs Project aims to help stakeholders consider how we can cultivate an energy storage ecosystem that ensures the jobs associated with the state’s deployment targets benefit New Yorkers. That means leveraging the state’s cutting-edge research, supporting local manufacturers, and preparing a skilled workforce.”   Energy storage is the key to achieving a resilient, secure, and carbon-free energy future. Currently a $11.8 billion global market, it is estimated to grow 8.4 percent each year through 2022. Together with New York’s progressive energy storage deployment policies, today’s report finds New York is well positioned to grow its global leadership in innovation and establish itself as a manufacturing force for the energy storage industry. With the right partnerships and policies, the report reveals energy storage could strengthen the state’s labor market and create manufacturing jobs, a sector that has continued to shrink since the Great Recession.   “Amplifying the role of local manufacturing in New York’s energy storage industry could provide stable employment for thousands of middle-class workers while creating follow-on benefits for the broader labor market,” said Kate Ringness, Managing Director of the American Jobs Project and co-author of the report. “New York’s leaders are creating strong policies to ensure there will be local demand for energy storage. We want to support these efforts by ensuring a healthy ecosystem that supports local job creation in manufacturing, as well as deployment.”   Based on stakeholder interviews and extensive research, The New York Jobs Project finds:   The energy storage industry could support more than 27,400 manufacturing and installation jobs for New Yorkers by 2030, backing the state’s 30,000 jobs target. The Empire State is home to nearly 100 energy storage companies with expertise in hardware manufacturing, advanced materials, software development, and project management. New York excels at fundamental energy storage research and ranks fifth in the nation for energy storage patents due to the depth of research across its universities, national lab, and businesses. Clean energy innovation is supported by statewide business/technology development resources from NYSERDA, Empire State Development, and NY-BEST. New York’s clean energy leadership, marked by ambitious statewide goals and collaborative stakeholder efforts, present a clear mandate to catalyze energy storage deployment.   The report provides tailored strategies that take advantage of this economic opportunity and build up critical assets for industry growth in New York, including the innovation ecosystem, access to capital, workforce development, and value chain. Recommendations include:   Establishing an innovation voucher program to enable small business access to New York’s state-of-the-art energy storage product development and testing facilities; Hosting industry-specific investor education events to help investors better evaluate the value proposition of energy storage businesses; Expanding integrated basic education and skills training at community colleges to prepare workers for jobs in the growing energy storage industry; Developing an energy storage job board to build career awareness and serve as a resource for local businesses, jobseekers, training providers, employment agencies, and policymakers; and Mapping the local energy storage supply chain and coordinating foreign direct investment outreach to fill critical gaps and attract new jobs and capital to the state.   Visit the American Jobs Project website to read the report.   ###   American Jobs Project The American Jobs Project is a nonprofit, nonpartisan, think-and-do tank focused on creating good-paying jobs in advanced energy and manufacturing through bottom-up, data-driven, 360° economic development. Our experts tailor best practice strategies for bolstering advanced energy and manufacturing, identify assets across the value chain, estimate an industry’s job-supporting potential, and support stakeholder-led initiatives by communicating ideas and analyses. Through engagement with a broad cross-section of stakeholders, we develop a shared vision of effective strategies to leverage the unique competitive advantages offered by each state and generate positive economic impacts.   New York Battery and Energy Storage Technology Consortium (NY-BEST) NY-BEST was incorporated in January 2010 as a not-for-profit corporation to position New York State as a global leader in energy storage. Since its formation, NY-BEST has become a well-known, well-respected, and effective industry association. Headquartered in New York’s Capital Region, NY-BEST brings together industry, university, and government partners. NY-BEST’s 150+ member organizations represent all facets of the energy and energy storage industries and span New York State and beyond. Members include companies ranging from small entrepreneurial ventures to large global corporations, as well as leading research universities and government partner organizations. Approximately half of NY-BEST member organizations are small businesses.  

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