New York Governor Andrew Cuomo announced this week that $40 million will be available in early November to support solar projects that integrate energy storage. This latest investment is aimed at helping the state reach its energy storage target of 1,500-megawatts by 2025.
The funding comes from the NY-Sun public-private partnership, a $1 billion investment program to build a self-sustaining solar market and solar industry in the state. Since the program began, 85,327 solar projects with a total capacity of 1,203.2 MW and an expected annual production of 1,395 GWh have been completed, according to the governor’s office.
