ISCRFP25-1 Long-Term Contracts to Purchase Index Storage Credits (ISCs)
Title:  

ISCRFP25-1 Long-Term Contracts to Purchase Index Storage Credits (ISCs)

Agency:  

NYSERDA

State:  

New York

NAICS Code:  

221000

Solicitation Type:  

Request for Proposal

Solicitation ID:  

ISCRFP25-1

Open Date:  

7/29/2025

Close Date:  

9/4/2025

Last Updated:  

8/21/2025

Description:
The New York State Energy Research and Development Authority (NYSERDA) is seeking proposals for long-term contracts to purchase Index Storage Credits (ISCs) from eligible bulk energy storage projects. The solicitation is being issued in accordance with the June 20, 2024 Order Establishing Updated Energy Storage Goal and Deployment Policy and NYSERDA's final Implementation Plan. The purpose of this Request for Proposals (RFP) is to enter into long-term contracts to purchase ISCs from eligible bulk energy storage projects. • The RFP will be implemented through a two-step process, consisting of a Step One Eligibility Application and a Step Two Bid Proposal. • The Step One Eligibility Application is due by September 4, 2025. • Only those projects found eligible under Step One will be permitted to submit a Step Two Bid Proposal. • The Step Two Bid Proposal will be solicited in two phases, with the first phase due by December 11, 2025. • NYSERDA will examine each bid proposal to determine that the project and proposer meet the minimum eligibility thresholds, and for bid proposals that meet those requirements, a competitive evaluation based on price and non-price evaluation will be conducted.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Bram Peterson(Program Manager)

bram.peterson@nyserda.ny.gov

(518) 862-1090 ext.3635

Budget Estimate (AI):

$1,000,000 – $10,000,000

The budget for this opportunity is difficult to estimate as the RFP does not provide a specific budget or contract value. However, based on the fact that NYSERDA is seeking long-term contracts to purchase ISCs from eligible bulk energy storage projects, the budget could potentially be in the millions of dollars, as energy storage projects can be capital-intensive. The actual budget will depend on the number and quality of proposals received, as well as the competitive evaluation process. Factors that may influence the likely payment range include the size and scope of the energy storage projects, the experience and qualifications of the proposers, and the overall demand for ISCs in the market.

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