New York continues its clean energy transition
Digital Journal, February 10, 2015
As nearby Pennsylvania places the majority of its energy bet on its shale gas industry, New York State takes a decidedly different approach going with expanded Clean Energy initiatives.
New York State is continuing to move forward to bring distributed energy resources such as PV solar, wind, battery storage and energy efficiency into the forefront of its energy mix. New York is taking a decidedly different energy path than its neighbor Pennsylvania, as recent events are now showing. This past December New York Gov. Andrew Cuomo formally banned hydraulic fracking from the state’s shale formations to the approval of some and the outright anger of others. At the same time the state is significantly expanding the resources of its main energy entity, the New York State Energy Research and Development Authority (NYSERDA). State public utility regulators have set in motion a significant policy and regulatory overhaul of its electric utilities business models under a program called Reforming the Energy Vision (REV). With this energy officials have directed electric utilities operating within the state to provide proposals as to how they will offer and/or expand their Demand Response incentive programs to help manage peak demand on the state’s utility grid during peak summer time air conditioning demand. The state has created a market-driven green energy financial institution called Green Bank and expansion of PACE property tax financing for those who want to install energy saving measures in their properties through its’ new EnergizeNY Program. These measure combine with New York’s continuing support of its Rochester based New York Battery Energy & Storage Technology (NYBEST) consortium.