New York Governor announces $55 million energy storage projects
New York Governor Andrew M. Cuomo announced $55 million for energy storage including commercial and residential storage projects on Long Island. This program will be launched with an initial rollout of nearly $15 million in incentives from the New York State Energy Research and Development Authority (NYSERDA). According to NYSERDA, energy storage projects supported by this Long Island initiative will advance progress toward achieving New York's target of 3,000 megawatts of energy storage deployed by 2030 — the equivalent to powering 40% of New York's homes.