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Administered by the New York State Energy Research and Development Authority (NYSERDA), the awards and competitive funding opportunity support energy storage product development and demonstration projects that are 10 to over 100 hours and multi-days in duration at. . Administered by the New York State Energy Research and Development Authority (NYSERDA), the awards and competitive funding opportunity support energy storage product development and demonstration projects that are 10 to over 100 hours and multi-days in duration at. . Governor Kathy Hochul today announced nearly $15 million in awards to four demonstration projects that advance long duration energy storage solutions that will help harness and provide stored renewable energy to New York's electric grid. In addition to these awards, $8. 15 million in funding has. . This technology strategy assessment on compressed air energy storage (CAES), released as part of the Long-Duration Storage Shot, contains the findings from the Storage Innovations (SI) 2030 strategic initiative. The objective of SI 2030 is to develop specific and quantifiable research, development. . Energy storage is critical to New York's clean energy future. What Are Energy Storage Systems? Energy storage is essential for creating a cleaner, more efficient, and resilient electric grid, which can ultimately reduce energy costs for New Yorkers. This funding will advance the development and demonstration of scalable innovative long duration. .
