- New York will provide funding for long-duration energy storage projects.
- New York plans to achieve net-zero power emissions by 2040.
- The State is slated to begin testing replacing natural gas with hydrogen for power generation later this year.
New York State will provide $12.5 million in state funding to long-duration energy storage technologies and pilot green hydrogen production projects. New York’s Governor Andrew Cuomo noted that the state intends to utilise every resource as a potential tool to address climate change.
Projects eligible for funding include long-duration energy storage projects with six-plus hours of storage capacity utilising either hydrogen, electric, chemical, mechanical, or thermal-electric storage technologies that are yet to commercialised. Financing will be offered via a three-stage competition from now till June 2022.
New York Power Authority is also partaking in a demonstration project at its Long Island natural gas plant to assess the potential of using green hydrogen to substitute for a portion of natural gas in power generation. The project will test different concentrations of hydrogen blends and evaluate the effect on reducing emissions. This project is set to commence later this year and will take about 6 to 8 weeks. General Electric and hydrogen supplier Airgas are project partners.
New York State has set a target of obtaining 70 per cent of its electricity from renewable energy by 2030and meet zero-emission power generation by 2040.