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New York approves utility revenue sharing for battery storage systems

January 29, 2021

The companies building batteries in New York and eventually running the day-to-day operations of the storage systems won’t necessarily be Con Edison, National Grid, or any of the other utilities in the state. Instead, other companies will carry out the construction and operations of different facilities.

In fact, that’s the exact arrangement between 174 Power Global and Con Edison. The former company signed a contract in December to build and operate a 100 MW battery storage project in Queens. Once operational in 2023, the battery will be under a seven-year dispatch rights agreement with Con Edison.

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