The New York State Energy Research and Development Authority (NYSERDA) today announced over $5 million is now available to support innovative energy storage technologies in New York
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As renewable power becomes a larger part of New York’s energy mix, long-duration and multi-day storage technologies will be needed to ensure grid reliability during extreme weather events, lulls in renewable energy generation, and periods of severe transmission congestion.
NYSERDA President and CEO Doreen M. Harris said, “The possibilities created by innovative energy storage solutions can safely deliver more reliable electricity to New York communities as part of building an affordable and resilient zero-emission future.
Mateo Jaramillo, Co-Founder and CEO of Form Energy, remarked, “We are very pleased to have been selected for NYSERDA’s long-duration energy storage award. Our analysis indicates that multi-day storage has significant potential to help New York meet its decarbonization and grid reliability goals.
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