NYSERDA’s Bulk Storage Incentive program provides financial support for new energy storage systems over 5 megawatts (MW) of power measured in alternating current (AC) that provide wholesale market energy, ancillary services, and/or capacity services. Systems may be interconnected at the transmission, sub-transmission, or distribution level and may provide distribution services in addition to wholesale services. Incentive funds will be deployed through a NYSERDA-administered declining incentive. These incentives are designed to compensate for benefits accruing over a 20-year life of the storage asset such as cost savings resulting from reducing soft costs and accelerating the cost decline curve, environmental benefits such as carbon savings (peak/off-peak arbitrage by charging from cleaner energy off-peak to displace the need for more emitting fossil-based generation during peak periods), hosting capacity improvements, and improving system resiliency. This 20-year life includes augmentation as required of the storage technology. Applications will be accepted through December 31, 2025.
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