NYSERDA taps 950 MW lithium batteries, 700 MW renewables — SkimNews
Get the Energy newsletter
Daily energy & climate — solar, EVs, oil, the policy fights and tech bets shaping the transition. Free.
- NYSERDA selected 8 bulk energy storage projects totaling 950 MW of lithium batteries with 4-to-8-hour durations — the state's first bulk energy storage awards — alongside 13 large-scale renewable projects (solar, wind, hydro) totaling 719 MW, all expected online by end of 2030.
- New York's 70% renewable energy by 2030 target remains unchanged despite the state pushing back emissions targets earlier this year, and NYSERDA President and CEO Doreen Harris said the awards further an 'all of the above energy strategy.'
- The state doubled its storage target in 2022 to 6 GW by 2030; NYSERDA plans a second annual bulk storage RFP by year's end and intends to select 3 GW of storage across its first three solicitations.
- Selected projects range from a 94-MW Key Capture Energy facility in Ulster County to a 150-MW KCE project in Suffolk County to an 8-hour, 140-MW Lighthouse Energy Storage project in Chautauqua County proposed by Grid Connected Infrastructure LLC and Neoen US.
- The projects are expected to support 1,000 jobs and generate over $3.7 billion in private investment, with NYSERDA noting payments to contracted projects will only begin once they are operational.
Why it matters: These awards more than double New York's utility-scale energy storage to date, putting a concrete down-payment on the state's 6 GW-by-2030 storage target while the 70% renewables goal stays in place despite relaxed emissions deadlines. Developers like Key Capture Energy and Neoen US gain contracted revenue, and New York locks in $3.7 billion in private capital tied to projects that won't pay out until they actually deliver power.
Ask SkimNews
