New York awards USD 15m for long-duration storage, incl to Form Energy
New York sunrise. Author:Anthony Quintano. License: Creative Commons, Attribution 2.0 Generic.
The state of New York on Thursday announced almost USD 15 million (EUR 13.8m) in funding to four long-duration energy storage demonstration projects, with Form Energy receiving the biggest award of USD 12 million.
Form Energy’s grant will support the deployment of a 10-MW/1,000-MWh iron-air battery system, which the company expects to come online by 2026. A location for the project in the state is yet to be selected.
Form Energy is separately slated to deploy two 10-MW/1,000-MWh multi-day batteries at two retiring coal plants in Minnesota and Colorado of US utility Xcel Energy.
The other companies receiving awards include Ecolectro Inc, which will get USD 1.08 million to scale-up polymer chemistry and materials that are expected to reduce the cost of producing hydrogen by electrolysis. The project will test 10-kW electrolysis units in partnership with Liberty Utilities in Massena.
PolyJoule Inc has been awarded USD 1.03 million to install a 2-MWh, 167-kW PolyJoule long-duration modular battery energy storage system (BESS) in collaboration with Eastern Generation at its Astoria Generating Station in Queens.
Urban Electric Power (UEP) will receive USD 703,965 to install a 100-kW/1-MWh BESS using its rechargeable zinc alkaline battery technology. The project, located in Pearl River, is ultimately aimed at commercial and industrial facilities.
Additionally, USD 8.15 million has now been made available to back innovative long duration energy storage solutions, devices, software, controls, and other complimentary technologies yet to be commercialised.
Thursday’s news comes after in September 2022, New York announced the availability of USD 17 million in competitive funding for long-duration energy storage solutions.
"Increasing the state’s capacity to store wind and solar energy for increasing amounts of time is essential to meet our climate and clean energy goals, especially as more energy flows to the grid from renewable energy projects coming online,” remarked New York State Energy Research and Development Authority (NYSERDA) president and chief executive Doreen M. Harris.
The state of New York aims to install 3 GW of energy storage by 2030.