Source: Joshua Pomales/Flickr/CC
Customers in Long Island, New York, that install commercial energy storage systems of up to 5MW and residential solar-plus-storage will be eligible for incentive payments of US$250 per kWh of storage installed.
That’s while a US$55 million pledge from state Governor Andrew Cuomo lasts, with close to US$15 million of funding to be spent this year and the remainder to be paid out over the next three to five years.
Cuomo said that the incentives for energy storage “will help Long Islanders grow their clean energy economy and create jobs while also improving the resiliency of their grid in the face of more frequent extreme weather events”.
Read more on our sister site Energy-Storage.News
Following the successful launch of Energy Storage Summit USA, we are pleased to announce its return for a 2nd year. Renowned for its quality, breadth and expertise, this event features an all-encompassing range of strategic and technical sessions on the adoption and deployment of storage. Key market drivers such as the falling price of lithium-ion batteries, investment in electric vehicle infrastructure, FERC Order 841, government incentives, grid modernization, transition from dependency on the networks to a desire for autonomy and intermittent renewable sources, all add to an exciting time for the Energy Storage value chain.
Intersolar North America is the first major solar + energy storage event of the year that connects innovators and decision makers. With a dynamic exhibition floor and robust conference program, #isna2020 provides business-to-business professionals a platform to advance business, expand education, and drive networking. Immerse yourself in three days of best-in-class conference programming and special exhibits and pavilions that showcase the industry trends, innovative solutions, and emerging talent transforming the solar, energy storage, and e-mobility markets: Join us February 4-6, 2020 at the San Diego Convention Center in San Diego, California.