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New York's Energy Storage Goal to Pave Way for Thousands of Jobs, Drive Emissions Cuts: Report

New York’s goal to add 1,500 megawatts of energy storage capacity by 2025 could create about 30,000 research, development and manufacturing jobs, while also cutting about 2 million metric tons of greenhouse gases, according to a Sept. 12 report commissioned by state regulators. Expanded deployment of energy storage figures prominently in the state’s efforts to source half of its power from renewables by 2030 in a bid to combat climate change as well as to tame consumer prices which, at 17.74 cents per kilowatt-hour in January, are among the highest in the U.S. Energy storage can also help defer or avoid upgrades and replacements to the state’s aging transmission and distribution grid, which will require more than $30 billion of investments over the next ten years, according to the report. In January the governor proposed to commit over $200 million from the New York Green Bank to drive down costs and to deploy new projects.

September 12, 2018
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