New York has launched bulk energy storage request for proposals (RFP). The initiative aims to procure 1 GW of bulk energy storage as a part of the state’s 6 GW energy storage roadmap. The solicitation is being administered by New York State Energy Research and Development Authority (NYSERDA) via its Bulk Energy Storage Program. Further, the solicitation seeks to advance a range of energy storage technologies and timely progress towards procuring three GW of bulk energy storage over the three solicitations.
The Bulk Energy Storage Program by NYSERDA employs the Index Storage Credit (ISC), which is a market-based mechanism providing project owners greater revenue certainty while incentivising them to participate in wholesale energy and capacity markets. ISC’s will be created on the basis of a project’s operational availability, and will represent 1 MWh of energy storage capacity that is operational and available to discharge on a given day. These contracts will be signed for a period of 15 to 25 years. Step One is the initial qualifying step in which proposers must demonstrate their eligibility for the program. Proposals can be submitted to NYSERDA by September 4, 2025.
New York’s 6 GW energy storage roadmap recommends the deployment of 6 GW of energy storage and also authorises funds for NYSERDA to support 200 MW of new residential-scale energy storage and 1,500 MW of new commercial and community-scale energy. Additionally, at least 35 per cent of the benefits of these new energy storage projects will be allotted to disadvantaged communities.
REGlobal’s Views: This initial procurement of 1 GW bulk energy storage is the first part of a three phase 3 GW plan under New York’s 6 GW Energy Storage Roadmap. It comes soon after the New Jersey Board of Public Utilities (NJBPU) approved phase 1 of the Garden State Energy Storage Program (GSESP) to deploy 2,000 MW of energy storage by 2030. These program indicate the growing focus on energy storage systems in the region to enhance grid infrastructure, ensure reliable power supply and lower rising power costs.
