Where the challenge was once a lack of profitable storage opportunities in the Northeast, now the trick is keeping up. Here’s GTM’s handy guide. Northeastern states have enacted a dizzying array of policies to promote energy storage development alongside the growth of renewables over the past few years. Where the challenge used to be a […]
New York’s Energy Storage Incentive Could Spur Deployment of 1.8GWh
The Empire State has charted a path that would transform it into a top-tier global storage market by 2025. Energy storage companies now can apply for $280 million in incentives allocated by New York’s state government. Gov. Andrew Cuomo made energy storage a key pillar of his strategy to secure 100 percent carbon-free electricity by […]
New York allocates $280 million in incentives for energy storage projects
New York Governor Andrew M. Cuomo today announced that $280 million of support is available for energy storage projects to accelerate growth within the industry and drive down energy storage deployment costs to build a sustainable and affordable market. This funding is part of a $400 million investment to achieve New York’s nation-leading energy storage […]
Spain’s Renewables Industry Applauds New Payment Scheme
Renewable energy investors could finally get the policy certainty they have been begging for—if the proposal passes. Spain’s renewables industry is celebrating proposed legislation that could provide plant owners with guaranteed income for up to 12 years. The regulatory framework would give renewable energy plant owners the option to stick with their current level of […]
