Bulk Energy Storage Incentive Program

Description of goods to services to be bid:

NYSERDA’s Bulk Storage Incentive program provides financial support for new energy storage systems over 5 megawatts (MW) of power measured in alternating current (AC) that provide wholesale market energy, ancillary services, and/or capacity services. Systems may be interconnected at the transmission, sub-transmission, or distribution level and may provide distribution services in addition to wholesale services. Incentive funds will be deployed through a NYSERDA-administered declining incentive. These incentives are designed to compensate for benefits accruing over a 20-year life of the storage asset such as cost savings resulting from reducing soft costs and accelerating the cost decline curve, environmental benefits such as carbon savings (peak/off-peak arbitrage by charging from cleaner energy off-peak to displace the need for more emitting fossil-based generation during peak periods), hosting capacity improvements, and improving system resiliency. This 20-year life includes augmentation as required of the storage technology. Applications will be accepted through December 31, 2025.
To apply visit: https://www.nyserda.ny.gov/All-Programs/Programs/Energy-Storage/Developers-Contractors-and-Vendors/Bulk-Storage-Incentivese

 If changes are made to this solicitation notification will be posted on NYSERDA’s website at: www.nyserda.ny.gov/funding-opportunities 

Eligibility/Qualifications Requirements/Preferences:

 Eligible energy storage systems are commercially available chemical, thermal, or mechanical systems physically located within New York State and interconnected into New York’s bulk transmission system or an Investor Owned Utility’s transmission or distribution system. Projects located in Con Edison’s service territory are not currently eligible for incentives; any incentives will be provided exclusively under Con Edison’s Bulk Storage Dispatch Rights RFP. This exclusion will be re-examined after evaluating the results of the utility’s first Bulk Storage Dispatch Rights RFP. Projects installed in LIPA’s territory may be eligible in the future subject to the availability of Regional Greenhouse Gas Initiative (RGGI) funds.