4 FAQs about Long-term bulk procurement of integrated energy storage cabinet

What is the bulk energy storage program?

The Bulk Energy Storage Program will use an innovative Index Storage Credit incentive, as established in the Order and modeled in part on the Renewable Energy Certificate (REC) and Offshore Wind Renewable Energy Credit (OREC) utilized in other NYSERDA programs.

What are energy storage contracts?

These contracts allocate the risks of project development, construction, and performance between the parties and include the price that will be paid by the utility for the resource or the energy storage services that are to be provided.

Should ISC agreement structure be adopted for initial procurement of utility-scale energy storage resources?

e ISC agreement structure be adopted for the initial procurement of utility-scale energy storage resources. Given the successful implementation of CfD in Illinois RPS and their ability to provide a balanced approach to risk allocation, as well as the condensed timeline to conclude the initial procuremen

Will Illinois have a storage procurement program by 2030?

of storage in Illinois by 2030 and stressed the urgency of meeting this goal through the storage procurement. Many projects in the interconnection queue are anticipating a state-run program, and some stakeholders predict that if such a program does not materi

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