New York Governor Kathy Hochul on Thursday announced initiatives providing USD 33.6 million (EUR 33.6m) in funding for long-duration energy storage, including hydrogen projects, aimed at advancing the integration of renewable energy and lowering the reliance on fossil fuels.
More specifically, five projects utilising long-duration energy storage technologies will share USD 16.6 million in funding, of which the largest portion will go to an initiative that will showcase the pairing of a long-duration hydrogen energy storage unit with a nuclear-hydrogen-fueled peak power facility. The project will be led by Nine Mile Point Nuclear Station LLC and will get USD 12.5 million in state funds.
Some USD 2.7 million will be allocated to Borrego Solar Systems Inc for the construction of a zinc hybrid cathode energy storage system in New York City, while JC Solutions will get USD 1.2 million to develop a 3D concrete printed marine pumped hydroelectric storage facility. Power to Hydrogen and Roccera LLC will each be awarded USD 100,000 from the pot.
Separately, some USD 17 million in competitive funding will be provided through a competition held by the New York State Energy Research and Development Authority (NYSERDA). The process will be open to schemes deploying innovative, long-duration energy storage technologies that have not been commercialised, including hydrogen. Proposals in the competition are due through October 17.
New York aims to install 3 GW of energy storage capacity by 2030, in line with the state’s target of 70% renewable electricity by the same year.
(USD 1.0 = EUR 1.000)
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