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Transactions - DECEMBER 16, 2019

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New York State to build storage project instead of previously planned fossil fuel plant

by Released

The New York State Energy Research and Development Authority (NYSERDA) has approved a 20-megawatt battery storage project in the town of Ulster, which will replace planned fossil fuel projects.

NYSERDA has signed a contract with Lincoln Park DG LLC, a wholly-owned subsidiary of GlidePath Power Solutions, which will build the facility. The facility is planned to be completed in early 2021. The project supports the state’s energy storage deployment target of reaching 3,000MW of capacity by 2030 as well as its Green New Deal to boost clean energy capacity and support job creation.

 

 

 

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