What is stand-alone energy storage?
Stand-alone energy storage provides a solution to safely and efficiently store energy for on-demand consumption. Energy storage makes the power grid more flexible and reliable. Energy storage project development is more like gas-fired power plant development than solar or wind development.
Should you invest in standalone battery energy storage?
Don’t let inexperience with battery energy storage keep you in the dark. With standalone battery energy storage, you spend less and get more. You lock up less land and do it where the wholesale nodal energy prices are much more attractive. You invest dollars in targeted areas that are more volatile.
What is the New York battery & energy storage technology consortium?
The New York Battery and Energy Storage Technology (NY-BEST™) Consortium, established in , serves as an expert resource for energy storage-related companies and organizations looking to grow their business in New York State.
What are the benefits of standalone battery energy storage?
With standalone battery energy storage, you spend less and get more. You lock up less land and do it where the wholesale nodal energy prices are much more attractive. You invest dollars in targeted areas that are more volatile. And you can diversify the revenue across up to five or more revenue streams.
Why is energy storage important?
To achieve New York’s climate goals, it's clear energy storage will play an important role in the electric grid & transportation system of the future. We work to ensure that markets are developed fairly & with an eye towards enabling a clean energy future. Discover more about our history, mission, leadership, and more.
What is the payback on energy storage projects?
The payback on energy storage projects is often less than five years, so your long-term market exposure is limited. Have you ever had a solar or wind project that could do that? Stand-alone energy storage provides a solution to safely and efficiently store energy for on-demand consumption.
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