O&R to Explore New Ways to Increase Electric Battery Storage Use, Value
O&R President and CEO Robert Sanchez said, "The success of this innovative approach to batteries on the distribution grid will accelerate battery storage deployment in New York State.
He added, "That can mean substantial benefits to O&R customers through lower energy costs, deferred capital construction, enhanced operational efficiency and increased service reliability."
O&R is partnering with Tesla, Inc., one of the leading developers in energy storage technology, on this program and had filed its proposal as a Reforming the Energy Vision (REV) demonstration project with the NYSPSC staff. The program was approved on Feb. 22.
This program is designed to support Gov. Cuomo's Reforming the Energy Vision (REV) goals of building a cleaner, more resilient and affordable energy system for all New Yorkers. REV aims to help consumers make more informed energy choices, develop new energy products and services, and protect the environment while creating new jobs and economic opportunity throughout the state.
In addition, the program supports New York's Climate Plan. On January 2, 2018, Gov. Cuomo announced a "comprehensive agenda to combat climate change" that, in part, calls for 1.5 GW of energy storage by 2025.