New york city to back long-duration energy storage with USD 33.6 m.
- New York Governor Kathy Hochul on Thursday introduced campaigns offering USD 33.6 million (EUR 33.6 m) in funding for long-duration energy storage space, consisting of hydrogen projects, targeted at advancing the integration of renewable energy as well as lowering the reliance on fossil fuels.
More especially, 5 projects using long-duration energy storage modern technologies will share USD 16.6 million in funding, of which the biggest portion will most likely to a campaign that will certainly display the pairing of a long-duration hydrogen energy storage unit with a nuclear-hydrogen-fueled peak power center. The project will certainly be led by Nine Mile Point Nuclear Station LLC and also will certainly obtain USD 12.5 million in state funds.
Some USD 2.7 million will be assigned to Borrego Solar Systems Inc for the construction of a zinc hybrid cathode energy storage space system in New York City, while JC Solutions will certainly obtain USD 1.2 million to develop a 3D concrete printed aquatic pumped hydroelectric storage facility. Power to Hydrogen and Roccera LLC will each be granted USD 100,000 from the pot.
Individually, some USD 17 million in affordable financing will certainly be offered through a competitors held by the New York State Energy R & D Authority (NYSERDA). The process will certainly be open to systems releasing cutting-edge, long-duration energy storage space modern technologies that have not been commercialised, consisting of hydrogen. Proposals in the competition schedule with October 17.
New York intends to set up 3 GW of energy storage space capacity by 2030, in line with the state's target of 70% eco-friendly electrical energy by the exact same year.
