Gov. Andrew Cuomo, D, on Thursday announced that New York will allocate $280 million for energy storage projects across the state to accelerate industry growth and drive deployment.

The funding is part of a $400 million investment to achieve the state’s goal of deploying 3 GW of energy storage by 2030, according to a statement from the governor.

New York expects the deployment of 3 GW of energy storage would deliver $4 billion in gross benefits and avoid 2 million metric tons of carbon dioxide emissions.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

Limiting greenhouse gas emissions by 2050, pays off for low-income countries

Previous article

FOR THE FIRST TIME, U.S. renewable energy production is set to outpace coal

Next article

Comments

Comments are closed.