Battery storage could help New York City’s ambitious energy, climate goals, report says
New York City has ambitious energy goals, including a goal of installing 100 MWh of storage by 2020 and reducing emissions 80% by 2050. While the city has faced some difficulties in deploying batteries, in part due to fire codes and other regulations, the new NY-BEST analysis shows the potential impact is significant.
“There are increasing questions about how we can best ensure the reliability of the electricity grid while reducing our reliance on fossil-fuel generation,” NY-BEST Executive Director William Acker said in a statement. “This study illustrates that replacing these older peaking plants with energy storage presents a cost-effective strategy for reducing harmful air emissions, protecting public health and maintaining grid reliability.”
Strategen’s report concludes New York City electricity customers spend more than $268 million annually to secure capacity from older plants that run for just a few hours each year. A 5% set-aside of that amount “could attract investment in more than 450 MW of new energy storage resources over the next five years with very little impact,” the firm concluded….