ENERGY STORAGE
Policymakers and industry leaders are increasingly understanding the importance of energy storage in a number of applications, such as integrating renewable energy sources and providing grid resiliency, which has become particularly exigent in New York in the aftermath of Hurricane Sandy. As a result, organizations like the New York Battery and Energy Storage Technology (NY-BEST)…...
ARPA-E has announced $33M in funding under its new REBELS program to support innovative distributed generation technologies. On June 19, 2014, the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) announced $33M in funding for 13 projects through its new Reliable Electricity Based on Electrochemical Systems (REBELS) program. The new projects will focus on…...
DOE has awarded $100M to accelerate scientific breakthroughs for a fundamentally new energy economy. On June 18, 2014, the Department of Energy (DOE) announced a $100M award across 32 projects – as second round of funding for Energy Frontier Research Centers (EFRCs) – to support innovative energy research that will enable fundamental advances in energy generation, supply, transmission,…...
On March 12, 2014, Eos Energy Storage announced plans to test its Aurora energy system at a Con Edison facility in mid-2014. The pilot aims to demonstrate the value of distributed energy storage in reducing costs associated with energy infrastructure upgrades to serve peak electricity demand. The project is supported by $1M in funding from the…...
The New York State Reforming the Energy Vision (REV) initiative aims to answer the question of how to proceed with New York’s energy future in the face of aging electric generating plants and the need for a more resilient energy infrastructure. Overview The initiative – announced by Governor Cuomo in April 2014 – tasks the…...
Multiple energy industries rely on federal tax incentives to spur private investment in commercializing renewable technologies. However, the periodic expirations of these tax credits have led to business uncertainty and an inability to make long-term planning decisions. The most recent Senate extender bill – the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act of 2014…...
A new California ruling exempts net energy metering-paired energy storage systems sized 10 kW or smaller from interconnection charges. On May 15, 2014, the California Public Utilities Commission (CPUC) issued a decision exempting small storage devices paired with net energy metering (NEM)-eligible generation facilities from interconnection fees. Fee exemption for NEM-paired storage would be tested…...
In 2013, New York Power Authority (NYPA) produced approximately 27.8B kilowatt-hours, approximately 20 percent of the state’s power. Approximately 70 percent of this power came from clean, renewable hydropower. NYPA, the nation’s largest state-owned power organization, is at the forefront of innovative energy, environmental, and economic development initiatives. As a leading provider of low-cost electricity,…...
New York’s fast-evolving energy industry is focused on preparing for a future in which new technologies present broad opportunities to modernize energy systems in ways that could significantly increase resiliency. In June 2013, New York unveiled a comprehensive plan to increase infrastructure and building resilience including initiatives to mitigate weather-related impacts. These initiatives are designed…...
Since the turn of the century, increased scrutiny has been placed on the U.S. electric grid. The threat of weather disruption, physical and cyber-attacks, and decreased regional power generation capacity due to emissions regulations are key factors framing the debate over how to achieve power security and supply. Overview In 2012, Hurricane Sandy exposed electric…...
On February 5, 2014, The New York Green Bank (NYGB) issued its first solicitation for project funding. With project funding commencing, NYGB aims to create a sustainable stream of private capital to replace intermittent grants and subsidies from state and federal sources, and be the first U.S. Green Bank to target $1 billion in capitalization…....
On January 2, 2014, the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission officially entered into two Memoranda of Understanding (MOU). The MOUs will provide solutions for overlapping jurisdiction and sharing information of mutual interest. Overview On March 5, 2014, the Federal Energy Regulatory Commission (FERC) and Commodity Futures Trading Commission (CFTC) announced…...
