NOTE: The Block 1 of 100 MWh of energy storage capacity has been fully subscribed. The incentives is now offered at Block 2 level at $250/kWh for total Block of 125 MWh.
In December 2018, the New York Public Service Commission (PSC) adopted 1,500 MW energy storage target by 2025, and a 3,000 MW target by 2030. As a part of the order, the PSC directed NYSERDA to develop incentive designed to meet the statewide energy storage goals.
The Retail Energy Storage Incentive program offers financial incentives for new energy storage projects smaller than 5 MW (AC) that are i) connected