A recent report revealed that battery storage could provide $5.6 to $8.7 billion and 17,600 to 26,800 jobs to New York by 2030. The October 2016 report, funded by The New York State Energy Research and Development Authority (NYSERDA) and issued by Industrial Economics Inc. shows how energy storage can both help New York reach its goals of 50% renewable power generation by 2030 set out under Governor Cuomo’s Reforming the Energy Vision and contribute to the state’s economic growth.
The report also revealed that the battery storage industry in New York has been thriving. The industry now employees 3,900 people and generated over $900 million in annual revenue. These numbers represent the result of a 50% growth in the state’s storage industry since 2012.
Speaking about the report John B. Rhodes, President and CEO, NYSERDA, said, “New York State has become a hub for energy storage technologies, creating new, skilled technology jobs and meeting the needs of utilities, building owners, manufacturers and other large power users. Under Governor Cuomo’s Reforming the Energy Vision to create an energy system that is cleaner, more affordable, and more resilient, strong growth continues for storage technology and investments.” You can read the full report here.
You can read the full report here.