NYSERDA Offering $15.5 million to Grow New York Energy Storage

To help jump-start energy storage and renewable resource projects to modernize the state energy grid, the New York State Energy Research and Development Authority (NYSERDA) is offering project managers the chance to receive funding from a fund worth $15.5 million.

In 2014, Governor Andrew Cuomo introduced the Reforming Energy Vision for New York State.  The goal of this initiative has been to reform the structure of New York’s energy systems with more advanced renewable energy and energy storage solutions.

To continue these efforts, energy storage projects can come forward in an attempt to gain funding from the NYSERDA.  At this point, the organization has not expressed a limit as to how many projects can or will receive funding.  Reports state that the organization is in search of projects that can be functional in different areas of the state.

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Date Posted: 5/24/2017