New York’s utility regulator accepted building for a 316-megawatt battery storage plant that might change fossil fueled capability in New York Metropolis.
The Ravenswood undertaking, if constructed, would be the largest battery plant within the state, offering emissions free energy to the New York Metropolis area throughout the hours of biggest demand. It additionally marks the primary main use of vitality storage for peaking energy within the Northeast. California and Arizona have tapped vitality storage for this function, however East Coast batteries have been smaller and usually geared towards fast-response grid providers. The brand new plant might have sufficient capability to discharge for as much as eight hours.
Governor Andrew Cuomo set a purpose of 1,500 megawatts of storage put in by 2025 and three,000 megawatts by 2030, as a part of his broader Inexperienced New Deal program. He additionally prioritized storage as a clear alternative for the dirtiest peaker crops within the state, which are usually positioned in poor and minority neighborhoods. The state is finalizing new air pollution restrictions that might drive probably the most polluting crops into retirement.
This may very well be the primary plant to make the change.
The battery undertaking, on the Ravenswood Producing Station alongside the East River in Lengthy Island Metropolis, Queens, would demolish and change 16 combustion generators which can be about 50 years previous. Solely two stay in service, however they solely fireplace up often. The ability additionally consists of a lot bigger combined-cycle technology which might not be altered; the general plant delivers as much as nearly 2,200 megawatts to energy New York Metropolis.
LS Energy, a well-capitalized developer and proprietor of grid infrastructure, already owns the plant and would make the the upgrades through a subsidiary. In that respect, the undertaking resembles work by Vistra in California: that energy producer determined to swap out generators it owns in Moss Touchdown and Oakland and change them with battery expertise to ship peak capability with out native emissions.
The regulatory approval doesn’t assure that the undertaking will occur, nevertheless it offers an important proof level for the developer to make use of in contract negotiations.
The important thing open query is what enterprise mannequin this undertaking would pursue. No offtaker agreements have been introduced, and storage builders have been reticent to construct on a purely service provider foundation — on this case, bidding into wholesale markets and making a living on the height hours at a constrained node.
New York utility Con Edison might present a extra reliable supply of earnings. ConEd has known as for bulk vitality storage proposals, due in November, that might give the utility the appropriate to bid and schedule the property within the New York ISO markets for a contract time period as much as seven years. Profitable bids should be on-line by the top of 2022, and likewise can qualify for the bridge incentive administered by the New York State Vitality Analysis and Improvement Authority.
The RFP is on the lookout for at the least 300 megawatts/1,200 megawatt-hours, which implies Ravenswood might fulfill the complete factor singlehandedly. The developer might additionally bid a portion of its capability and reserve the remainder for different functions.
NYSERDA launched its bridge incentive in April to jump-start storage improvement by paying for values that aren’t but absolutely compensated in present market designs. It budgeted $150 million for “bulk” storage initiatives greater than 5 megawatts.
The primary undertaking to make use of those funds was a 20-megawatt/16.5 megawatt-hour system developed close to Albany by Key Seize Vitality. That undertaking reached completion in September, changing into the most important battery facility within the state. It acquired $1.three million from the bridge incentive.