Bulk Energy Storage Incentive Program

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Title:  

Bulk Energy Storage Incentive Program

Agency:  

NYSERDA

State:  

New York

NAICS Code:  

221100

Industry:  

Energy and Utilities

Solicitation Type:  

Grants Notice

Solicitation ID:  

PON 4139

Open Date:  

4/26/2019

Close Date:  

12/31/2025

Project Duration:  

20 years

Last Updated:  

Description:
Description of goods to services to be bid: 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.To apply visit: https://www.nyserda.ny.gov/All-Programs/Programs/Energy-Storage/Developers-Contractors-and-Vendors/Bulk-Storage-Incentivese If changes are made to this solicitation notification will be posted on NYSERDA’s website at: www.nyserda.ny.gov/funding-opportunities Eligibility/Qualifications Requirements/Preferences: Eligible energy storage systems are commercially available chemical, thermal, or mechanical systems physically located within New York State and interconnected into New York’s bulk transmission system or an Investor Owned Utility’s transmission or distribution system. Projects located in Con Edison’s service territory are not currently eligible for incentives; any incentives will be provided exclusively under Con Edison’s Bulk Storage Dispatch Rights RFP. This exclusion will be re-examined after evaluating the results of the utility’s first Bulk Storage Dispatch Rights RFP. Projects installed in LIPA’s territory may be eligible in the future subject to the availability of Regional Greenhouse Gas Initiative (RGGI) funds. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: Not provided
Attached Files:

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

Contact Information:

Schuyler Matteson(Project Manager)

Schuyler.Matteson@nyserda.ny.gov

(518) 862-0090 ext. 3123

Budget Estimate (AI):

$1,000,000 – $50,000,000

Given that the program provides financial support for energy storage systems over 5 megawatts and aims to compensate for benefits over a 20-year life, the budget could potentially range from a few million to tens of millions of dollars per project, depending on the size and type of energy storage system, as well as the specific incentives provided. Factors influencing the likely payment range include the cost of the energy storage system, the expected benefits over its lifespan, and the structure of the declining incentive. Without specific details on the incentive amounts or the number of projects to be funded, it's challenging to provide a precise estimate.

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