As outlined in Bill Acker’s February 3rd blog and NY-BEST’s recent newsletter, ConEdison, in conjunction with NYSERDA and the New York Department of Public Service, has just introduced proposed incentives for energy storage and demand response measures that are among the highest in the nation. These incentives--subject to final approval--will provide $2,100 per kW for battery storage and $2,600 per kW for thermal storage projects. Projects must meet a minimum size of 50kW and must be installed and operational by June 1, 2016.
One of the most interesting sessions at the recent NY-BEST Technology Conference was the one on Thermal and Mechanical Storage. It was a good reminder that there is more going on in the energy storage world than batteries. Ultracapacitors and fuel cells are also areas of significant activity, but electrochemical technologies are not the only technologies in play. Indeed, pumped hydro energy storage is still the largest capacity form of grid energy storage with over 127 GW worldwide. However, pumped hydro is by no means the only game in town.