NYS Awards $55M for Energy Storage on Long Island
New York state is providing $55 million in funding for energy storage including commercial and residential storage projects on Long Island. Announcing the funding Wednesday, Gov. Andrew Cuomo said there would be an initial rollout of about $15 million in incentives from the New York State Energy Research and Development Authority. Energy storage projects supported by this initiative would help to advance the state’s goal of achieving New York’s target of 3,000 megawatts of energy storage by 2030.
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