By Blake Jackson
Governor Kathy Hochul has announced the launch of New York’s first Bulk Energy Storage Request for Proposals (RFP), aiming to procure one gigawatt (GW) of bulk energy storage.
This initiative supports the state’s broader goal of reaching six GW of energy storage under New York’s Energy Storage Roadmap. The addition of large-scale energy storage is expected to improve grid reliability, reduce energy costs, and enhance transmission efficiency.
“Today’s action is another example of New York’s ongoing commitment to strengthening our grid, ensuring the state continues to have a more affordable and reliable electricity system now and well into the future,” said Governor Hochul.
“Safe and strategic deployment of energy storage will help drive economic development and reduce costs for New Yorkers.”
The RFP is being administered by the New York State Energy Research and Development Authority (NYSERDA) through its Bulk Energy Storage Program. This competitive process is part of a broader effort to reach three GW of bulk storage over three solicitations.
All NYSERDA-supported projects must comply with updated energy storage safety codes recently adopted by the State Fire Prevention and Building Code Council, taking effect January 1, 2026. NYSERDA has already integrated these codes into its energy storage programs to ensure site safety and readiness.
“NYSERDA’s Bulk Energy Storage Program provides an opportunity to more than double the current amount of energy storage that has been deployed, contracted, and awarded statewide," NYSERDA President and CEO Doreen M. Harris said.
"This solicitation will further advance New York’s focus on grid reliability, peak reduction and affordability while meeting the demand for more storage to be safely installed across our state.”
The program uses a new Index Storage Credit (ISC) model, giving project owners financial stability while encouraging participation in energy markets.
Compensation is based on a project’s operational availability, measured monthly over 15-25-year contracts.
Applicants must complete “Step One” eligibility by 3:00 p.m. ET on September 4, 2025, before submitting full proposals. NYSERDA will only pay ISCs after projects pass safety reviews and inspections. Project developers can also access financing through NY Green Bank’s RFP No.1.
NYSERDA’s siting team continues to support local governments with tools and guidance for clean energy development.
Photo Credit: gettyimages-tlillico
Categories: New York, Energy, Government & Policy