Local energy storage vehicle quotation

How much does the retail energy storage incentive program cost?

Retail Energy Storage Incentive Program $350M for IOU service territories. Initial allocations follow: Based on usable installed storage capacity in kWh measured in AC power upon entering Commercial Operation. Capped at 15 MWh.

Should energy storage be included in the electric grid?

Integrating storage in the electric grid, especially in areas with high energy demand, will allow clean energy to be available when and where it is most needed. As New York continues to invest and build a cleaner grid, energy storage will allow us to use existing resources more efficiently and phase out the dirtiest power plants.

How do energy storage systems work?

Energy storage systems can be used to absorb excess power flow from the grid, and then release this energy later; thereby relieving transmission congestion and increasing the hosting capacity of the grid. Hosting capacity refers to the distribution system’s ability to incorporate DERs effectively into the grid.

Why is energy storage important?

Energy storage has a pivotal role in delivering reliable and affordable power to New Yorkers as we increasingly switch to renewable energy sources and electrify our buildings and transportation systems.

How can energy storage benefit Ders through VdeR tariff?

Projects are required to have a smart meter capable of measuring hourly electric imports and exports from their system. Energy storage can be used to maximize the benefits from this value stream, significantly improving the compensation for DERs through VDER tariff.