May 23, 2019: A decision by New York State governor Andrew Cuomo on April 25 to plough $280 million into energy storage has been welcomed by the Consortium for Battery Innovation as an opportunity to boost advanced lead battery technology.
The funding will come out of $400 million earmarked for installing 3,000MW of energy storage by 2030 under a ‘Green New Deal’ that aims to get New York State carbon neutral.
“Energy storage is vital to our resiliency work and this funding will enable us to grow the industry and create jobs while we continue on our path towards meeting the country’s largest energy storage target,” Cuomo said.
The cash should provide an incentive for energy storage firms to bid for tenders and lead batteries should be among the first, offering products with a 99% recycling rate that fits with the green pledge.
“Many cities want to improve their energy storage capacity but they need battery technology that is both reliable and safe,” said CBI director Alistair Davidson.
“Fire safety is of course important in any building, but in built-up areas or tower blocks it is critical. That’s why buildings in New York are using lead battery storage, and as a consortium we are carrying out research that will develop batteries with improved performance and lifetimes, making it possible for buildings in cities to provide secure and safe electricity and back-up supplies throughout the year.”