Opportunity Title:
Bulk Energy Storage Incentive Program
Opportunity Number:
PON 4139
Description:
NYSERDA’s Bulk Storage Incentive program provides financial support for new energy storage systems over 5 megawatts (MW) of power measured in alternating current (AC) that provide wholesale market energy, ancillary services, and/or capacity services. Systems may be interconnected at the transmission, sub-transmission, or distribution level and may provide distribution services in addition to wholesale services. Incentive funds will be deployed through a NYSERDA-administered declining incentive. These incentives are designed to compensate for benefits accruing over a 20-year life of the storage asset such as cost savings resulting from reducing soft costs and accelerating the cost decline curve, environmental benefits such as carbon savings (peak/off-peak arbitrage by charging from cleaner energy off-peak to displace the need for more emitting fossil-based generation during peak periods), hosting capacity improvements, and improving system resiliency. This 20-year life includes augmentation as required of the storage technology.
Eligibility:
Eligible energy storage systems are chemical, thermal, or mechanical systems physically located within New York State and interconnected into New York’s bulk transmission system or an IOU’s transmission or distribution system. Projects located in Con Edison’s service territory are not currently eligible for incentives. Projects installed in LIPA’s territory may become eligible in the future subject to the availability of Regional Greenhouse Gas Initiative (RGGI) funds.
Total Amount Available:
$150,000,000
Application Deadline:
December 31, 2025
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