As reported in New York’s Energy Storage Roadmap developed by the New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Public Service, “energy storage will play a critical role in supporting New York’s decarbonized electric grid by integrating large quantities of variable renewable energy, reducing curtailment, and storing renewable generation for the times it is needed most.”
The New York Governor Hochul announced in her State of the State a goal to double the state’s 2030 energy storage deployment target, from the currently legislated 3 gigawatts (GW) of storage to 6 GW of storage, with an interim goal of 1.5 GW by 2025. This nation-leading storage target is driven by the quick growth in renewable energy expected over the next decade and the role that electrification of transportation and buildings will play in achieving New York State’s future carbon neutral economy.
“If I can make it there, I’ll make it anywhere. It’s up to you New York,” may be the mantra of Zinc8 Energy Systems, a Canadian energy storage start-up, getting a warm embrace from the highest levels of State government to plant its manufacturing center in New York state. With $50M in development to create a leadership position in zinc air battery technology to-date, the road to building the company’s inaugural manufacturing facility will require significantly more capital for the plant to be built, staff hired and availability of the company’s zinc air battery technology energy storage systems.