|Program Name:||NYSERDA Bulk Energy Storage Incentive Program|
|Program Sponsor:||NYSERDA (State)|
|Technology:||Bulk Energy Storage|
|Eligibility:||Must be installed within NY state/NYSIO region and be grid connected|
The Bulk Energy Storage Incentive program offers financial incentives for new energy storage projects greater than 5 MW that are connected to the grid. The energy storage system must provide services to the wholesale energy market, ancillary services, or distribution level service.
For a project to be eligible it must meet the following requirements:
The system must be physically located within New York state and must be interconnected to the New York’s bulk transmission system (NYISO). The following systems are not eligible for the program – i) that have been involved in the NYISO market prior to March 11, 2019, ii) projects owned by the utility or New York Power Authority, iii) projects receiving other NYSERDA funds, iv) projects that have bulk dispatch rights contract, and iv) projects that receive NYSERDA retail storage incentive. Projects located within ConEdison’s service territory are not currently eligible for the incentive.
How the Program Works
Incentives are awarded at a $/kWh rate for the amount of usable kWh (AC) of installed storage capacity at commercial operation date. Projects only providing energy arbitrage and or ancillary services will receive 75% of the stated incentive. There is no maximum project size, but the NYSERDA award will not exceed $25 million on a single project. The incentive is based on the year when the project application is submitted to NYSERDA. The NYSERDA Energy Storage dashboard will provide MWs and MWh committed and remaining funding in the project.
For projects under 20 MW, the incentives are as follows-
Projects that are bigger than 20 MW will receive $85/kWh for projects starting in 2019, and $75/kWh for projects to be developed in 2021-2022. The incentives must be applied through the project contractor.
Additional information on the program and its requirements can be found in the Program Manual [PDF].
Other NYSERDA resources on energy storage:
How to Apply
To receive the bulk storage incentive submit a Bulk Storage Incentive Application.
Upon application approval, NYSERDA will provide an award letter and issue a contract. The first application submitted by a developer for incentives must include evidence demonstrating prior experience developing bulk energy storage, wind, solar, or other electric power generation installations. Developers must continue to meet specific project development milestones defined in the program manual in order to continue reserving incentive funds
Questions can be e-mailed directly to firstname.lastname@example.org.