Market Studies

Energy Storage Soft Costs Resources

NY-BEST is working with NYSERDA on an initiative to reduce soft costs for distributed energy storage resources. NYSERDA’s goal with the program is to help residents, businesses, local governments, utilities, and communities see energy storage as a viable and cost effective option for reducing peak load, increasing resilience, and utilizing clean energy efficiently. Through this program, NYSERDA and its partners will provide resources and technical assistance that will develop and implement comprehensive strategies to reduce distributed energy storage soft costs.

Energy Storage Services Fact Sheet

NY-BEST is pleased to provide a new information resource for parties interested in developing energy storage projects in New York State. The Energy Storage Services Fact Sheet summarizes value streams currently available for energy storage systems installed in New York State. This easy to use guide provides information on each currently monetizable service, a description of the compensation mechanism, the compensation price and/or factors influencing compensation, and any regulations or limitations related monetizing each service. The Fact Sheet also includes information on service classifications and demand response programs for each New York investor owned utility. NY-BEST will be issuing a more comprehensive Energy Storage Guide later in 2017 that will provide additional information, including methods for stacking value. Some of these considerations are included in the Fact Sheet and a more detailed analysis will be in the forth-coming guide. The Fact Sheet and upcoming guide are part of a suite of research and resources funded by NYSERDA to reduce storage soft costs and provide technical assistance resources to New York State. More information on energy storage market opportunities can be found on the NY-BEST website or the NYSERDA energy storage program website at

MESA: Open Standards for Energy Storage

The MESA Standards Alliance publishes open, non-proprietary specifications and information models that utilities, software developers and hardware manufacturers use to achieve interoperability among grid-scale energy storage components, as well as between utility control centers and energy storage systems. They are currently developing two sets of specifications; the MESA-ESS which provides a standard framework for utility-scale energy storage system (ESS) data exchanges and the MESA-Device/SunSpec Energy Storage Model which addresses how energy storage components within an energy storage system communicate with each other and other operational components.

Indian Point Replacement Analysis by Strategen Consulting

In January 2017, Governor Andrew Cuomo announced a negotiated agreement to close Indian Point nuclear facilities. At that time, he committed to replace the plant’s two units with clean energy, with no net increase in carbon emissions. This is a big goal, but one New York can achieve by using a portfolio of resources which includes energy storage. Strategen Consulting has completed an analysis that shows 450MW of battery storage can fill the capacity gap created through the closure of Indian Point while also saving New Yorkers money. The analysis shows an estimated $315 million savings over a five-year period to customers when compared to more traditional resource replacement scenarios.


NYSERDA Energy Storage and NY-BEST Program: Market Characterization and Assessment

This report was commissioned by NYSERDA, with the research being performed by EMI Consulting and Industrial Economics, Inc. The report examines the global market for energy storage technologies, and how the market is maturing. Once conclusions about the global market are drawn the report begins to focus specifically on New York State's energy storage industry. The report indicates that, on a per capita basis, New York's energy storage industry trails only California in size. 


Installed Cost Benchmarks and Deployment Barriers for Residential Solar Photovoltaics with Energy Storage: Q1 2016

This report explores how the market for combined solar and storage is growing and changing. It indicates that the majority of deployments are in front of the meter, but expects that the industry changes to roughly half in front of the meter and half behind the meter by 2021. The report includes comparisons of both small size and large size battery systems combined with solar, as well as AC vs. DC energy storage systems. 

The Energy Storage Industry in New York State: Recent Growth and Projections 2015 Update

The New York State Energy Research and Development Authority (NYSERDA) announced that jobs in the State’s energy storage sector grew to approximately 3,900 – a 30 percent increase from 2012 through 2015, according report completed in October 2016. New York’s commitment to clean energy, including its nation-leading energy goals, have helped spur the strong growth, which also saw annual industry revenues reach an estimated $906 million during the same time period, a 50 percent increase.  The report, “The Energy Storage Industry in New York State: Recent Growth and Projections 2015 Update,” was funded by NYSERDA and issued by Industrial Economics Inc.

Advanced Energy Now: 2017 Market Report

This report examines the market for all distributed energy resources, including energy storage. The report extensively discusses New York's Reforming the Energy Vision Initiative, and the various demonstration projects that are underway in the state. The report indicates that energy storage has experienced the highest growth rate of all DERs, and that its importance will only continue to grow. 

IRENA: REthinking Energy 2017

This report is focused on the international market for distributed energy resources, including energy storage. There is a large section that focuses on the development of rural mini grids. The lessons from construction of these mini grids can be helpful in the development of microgrids, that are meant to improve the reliability of the state's energy infrastructure. 

Integrated Energy Storage in US

Whether powering cellphones or keeping laptops charged, energy storage has
become a daily function in our lives. Now, these storage systems are poised to help
supply power to homes, cars, and power plants. The rapidly falling cost of energy
storage technologies in recent years is encouraging wider adoption by utilities, commercial
business, and homeowners, and it is important that policymakers proactively
drive greater integration of energy storage within the broader electricity grid.

How Energy Storage Can Participate in New England’s Wholesale Electricity Markets
This paper outlines the opportunities available to energy storage technologies to be compensated in the wholesale energy markets for providing services needed for a reliable, efficient, and competitive power system. While this paper provides a general overview, it does not contemplate all possible energy storage
technologies and is not a substitute for the applicable tariff sections Project developers and other interested partiesare encouraged to contact the ISO to discuss market opportunities as well as operational requirements because every energy storage project is unique