What is the implementation plan for bulk energy storage?

The Implementation Plan provides an operating framework for the program, with additional details to be provided in Bulk Energy Storage program solicitations. The plan begins with background on the 2019 Climate Leadership and Community Protection Act (the “Climate Act”) and the 2022 Energy Storage Roadmap (the “Roadmap”) as updated in March 2024.

How much funding is needed to implement the energy storage requirement?

Funding necessary to implement this requirement is estimated to be approximately $3.5 million across all programs and will draw on funding authorized for implementation support activities in the 2024 Energy Storage Order.

Does the energy storage strategic plan address new policy actions?

This SRM does not address new policy actions, nor does it specify budgets and resources for future activities. This Energy Storage SRM responds to the Energy Storage Strategic Plan periodic update requirement of the Better Energy Storage Technology (BEST) section of the Energy Policy Act of 2020 (42 U.S.C. § 17232 (b) (5)).

What is the 2022 energy storage plan?

The plan begins with background on the 2019 Climate Leadership and Community Protection Act (the “Climate Act”) and the 2022 Energy Storage Roadmap (the “Roadmap”) as updated in March 2024. The plan then outlines the structure of the program, with a focus on the Index Storage Credit (ISC) incentive mechanism.

When did the New York State Energy Storage Commission approve a plan?

On June 20, 2024, the Commission approved the Order Establishing Updated Energy Storage Goal and Deployment Policy, which adopted the expanded statewide 6 GW deployment goal and approves many of the Roadmap recommendations for achieving the goal. 3 On October 18, 2024, NYSERDA filed an Implementation Plan Proposal for public comment.

What does the 2024 energy storage order mean for NYSERDA?

The 2024 Energy Storage Order established a statewide goal of deploying 3,000 MW of new bulk energy storage by 2030 and required that NYSERDA submit a draft Implementation Plan that outlines the methods and budget that could be used to achieve the bulk energy storage deployment target.