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Home»Investments»New York continues to invest in long-duration energy storage with $5 million funding initiative – pv magazine USA
Investments

New York continues to invest in long-duration energy storage with $5 million funding initiative – pv magazine USA

prosperplanetpulse.comBy prosperplanetpulse.comJune 14, 2024No Comments3 Mins Read0 Views
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NYSERDA is allocating $5 million for up to 50% of project costs to develop energy storage systems capable of operating for 10 to 100 hours, address key integration challenges, and promote viable economic products within New York’s energy grid.

June 14, 2024 Anne Fisher

The New York State Renewable Energy Optimization and Energy Storage Innovation Program is allocating $5 million to support long-duration energy storage (LDES) projects. Project applications must be submitted by September 24, 2024 at 3:00 PM ETAdministered by the New York State Energy Research and Development Authority (NYSERDA), the funding targets innovative solutions within designated technology categories that enable energy storage for periods ranging from 10 to 100 hours.

  1. Electrochemistry:
    • Including flow batteries and advanced battery solutions
  2. machine
    • Innovative pumped storage hydro and compressed air/gas solutions
    • Mechanical/Gravitational Energy Storage
    • Geomechanical Energy Storage
  3. Heat
    • Pumped hydroelectric energy storage
    • Thermophotovoltaic (TPV) storage
    • Innovative media such as water, sand, molten salt, and rock

Now in its third year, the program will fund up to 50% of the cost of each approved project. The program prioritizes projects that address renewable energy integration challenges, including grid congestion, hosting capacity constraints, and limited locations for lithium-ion batteries in New York City. NYSERDA seeks to support technologies that are not yet commercially scaled and are in the development stage. Eligible costs include product development and demonstration projects.

In addition, the application documents stipulate that winning companies must not conduct business in or with Russia.

Proposal Evaluation Criteria

The scoring criteria for proposals includes 28 questions:

  • Is the proposed work technically feasible, innovative and superior to existing alternatives?
  • Are the basic scientific principles well understood and clearly expressed?
  • Does the proposed solution address a demonstrated customer need, a significant market opportunity, and have a high likelihood of commercialization?
  • Does the proposal include an appropriate plan for performance monitoring and data analysis?
  • How much economic benefit will accrue to New York State in the form of subsequent commercial activity and economic growth?
  • How widely can this technology be deployed, both in New York and around the world?
  • How realistic is the timeline for achieving the proposed project goals?
  • How big is the commercial potential of this technology?

This funding round follows significant investments over the past few years. Approximately $4 million has been awarded to four demonstration projects.Ecolectro received a grant of just over $1 million to develop sustainable hydrogen technology, Form Energy received $1.2 million for iron flow batteries, Polyjule introduced a 167 kW/2 MWh plastic-based battery for just over $1 million, and Urban Power received around $700,000 to develop a 100 kW/1 MWh zinc battery.

In 2022, Borrego Solar, JC Solutions, Nine Mile Point Nuclear Power Plant, Power to Hydrogen and Roccella were awarded $16.6 million to develop long-duration energy storage solutions. This funding effort is part of a broader effort that began in 2020 to New York has embarked on a project with Zinc8 to develop long-term zinc energy storage.After successful development, Zinc8 has decided to manufacture its zinc-air batteries in New York State..

As shown in the graph above, New York State is targeting significant energy storage milestones by 2050, reaching 10.4 GW (41.2 GWh) at four hours and 6.7 GW (53.6 GWh) at eight hours, totaling roughly 100 GWh of bulk energy storage. However, as of early 2023, despite being listed on the state’s energy roadmap, New York has not quantified its energy storage capacity beyond 10 hours.

This content is copyrighted and cannot be reused. If you would like to collaborate with us and reuse any part of our content, please contact us at editors@pv-magazine.com.



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