New York Announces Increased Energy Efficiency & Energy Storage Targets

on December 18, 2018

WindpowerNew York Governor Andrew M. Cuomo announced that the New York State Public Service Commission approved two initiatives to dramatically increase New York’s energy efficiency and energy storage targets to combat climate change. The new energy efficiency target for investor-owned utilities will more than double utility energy efficiency progress by 2025, reducing the state’s energy consumption by the equivalent of fueling and powering 1.8 million homes.

The energy storage initiative sets New York on a trajectory to achieve 1,500 MW of storage by 2025, which is enough electricity to power 1.2 million homes, and up to 3,000 MW by 2030. First announced as part of the Governor’s 2018 State of the State clean energy agenda, these energy efficiency and energy storage targets are vital to meeting New York’s clean energy goals.

“As the federal government continues to ignore the real and imminent dangers of climate change, New York is aggressively pursuing clean energy alternatives to protect our environment and conserve resources,” Governor Cuomo said. “These unprecedented energy efficiency and energy storage targets will set a standard for the rest of the nation to follow, while supporting and creating jobs in these cutting-edge renewable industries.”

“We’re investing in projects and programs to advance our aggressive energy goals across the state,” added Lieutenant Governor Kathy Hochul. “While the federal government has turned its back on energy initiatives to reduce consumption and greenhouse gases, New York is leading the nation to ensure a cleaner and greener environment for future generations and combat climate change.”

Energy storage
In June, Governor Cuomo announced the State’s plan to jumpstart the development of energy storage in New York, calling for the deployment of 1,500 MW of energy storage by 2025, or enough electricity for 1.2 million average sized homes, while avoiding more than one million tons of carbon pollution.

To achieve the Governor’s goal, the Commission today adopted a comprehensive strategy to address barriers that have been impeding energy storage technologies from competing in the energy marketplace. These actions are intended to accelerate the market learning curve, drive down costs, and speed the deployment of the highest-value energy storage projects for maximum benefit to New Yorkers and the electric grid.

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Fractal Energy Storage ConsultantsNew York Announces Increased Energy Efficiency & Energy Storage Targets