Opportunity Title:
Retail Energy Storage Incentive Program
Funder/Agency:
New York State Energy Research and Development Authority (NYSERDA)
Description:
The New York State Energy Research and Development Authority’s (NYSERDA) Retail Energy Storage Incentive Program provides financial support for new grid-connected energy storage systems:
That are up to five megawatts (MW) of alternating current (AC) power
Whose value is monetized under an Investor-Owned Utility (IOU) or Long Island Power Authority (LIPA/PSEG LI) tariff, including delivery charges or the Value of Distributed Energy Resources (VDER or Value Stack) tariffs
That are either interconnected behind a customer’s electric meter, or directly into the distribution system
Incentive funds will be deployed through a NYSERDA-administered declining megawatt hour (MWh) block model. Incentives are calculated based on the usable installed energy storage capacity in kilowatt hours (kWh) measured in AC power. This capacity will be verified through NYSERDA’s Quality Assurance inspection process. Incentives will be awarded to approved applications based on the block in effect at the time of application submission.
Eligibility:
Participating Contractors
To become a participating contractor, a contractor must submit an application within Program
Opportunity Notice (PON) 4112 at nyserda.ny.gov/retailstorage. Contractors will be evaluated based on their experience, customer references, and performance in this or other New York State or utility programs.
For additional information about contractor and project eligibility, please see the Program Manual.
Award Details:
Total Amount Available:
$58,500,000
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.
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