- Foley & Lardner pointed out the recent extension in a corporate blog post.
- Six utilities across the state were handed a mandate to procure megawatts of energy storage.
The New York Public Service Commission (PSC) has given the state’s Joint Utilities until the end of 2028 to put large-scale energy storage resources in place, extending a previous 2025 deadline. The PSC said earlier this month that in addition to the extension on the required in-service date, contracts for energy storage procured by the utilities can now have a maximum 15-year term rather than the ten years previously set.
Through legislation in 2018, six utilities across the state were handed a mandate to procure megawatts of energy storage. New York at that time had in place a 3,000MW by 2030 storage target, which has since been doubled to 6,000MW. That figure correlates to 20% of the peak load forecast for the New York grid by that time, putting energy storage at the heart of the state’s energy transition.
As law firm Foley & Lardner pointed out in a corporate blog post on the recent extension, the 31 December 2025 service date was itself an extension from an April 2021 deadline that had already been pushed out.