New York allocates $280M for energy storage projects as state targets 3GW by 2030

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.


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