DOE Announces $289.7 Million Loan Guarantee to
The loan guarantee will finance the deployment of up to 1,000 solar photovoltaic (PV) systems and battery energy storage systems (BESS) located primarily at commercial and
The PSC's subsequent 2024 Energy Storage Order approved the energy storage programs described in the Roadmap in order to achieve a total of 4,700 megawatts ("MWs”) of incremental installed capacity of energy storage spanning the bulk, retail, and residential sectors.
Efforts towards a finalized implementation plan have been ongoing since June 2024, when Governor Hochul first announced that the PSC had approved an Energy Storage Roadmap in furtherance of the state's goal to achieve six gigawatts (“GWs”) of energy storage by 2030.
The facility will serve as a large-scale battery energy storage system capable of charging from, and discharging into, the New York power grid. When fully functional, the 100MW battery energy storage project will be able to discharge electricity to the grid particularly during peak demand.
Your energy storage system will charge either from the grid or solar while it is not in use. The amount of stored power will depend on your home's energy usage as well as the size of your energy system. This stored energy will then keep your home powered on during an outage or a PSPS.
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