May 20, 2014: CALMAC Applauds NYSERDA, Con Edison on New Energy Storage Incentives
Program Looks to Reduce Peak Demand, Create a More Stable Power Grid
FAIR LAWN, N.J. — CALMAC, a supplier of ice energy storage systems, congratulated the New York State Energy Research and Development Authority (NYSERDA) and Con Edison for partnering on a new demand management program. The new initiative encourages New Yorkers to install thermal energy storage and other energy load shifting technologies to regulate the demand on New York’s power grid.
Under the new plan, energy storage is offered as a viable method to reduce peak demand and utilize excess off-peak generating capacity. The incentives — implemented jointly by NYSERDA and Con Edison — are set to achieve 125 MW of permanent, peak electric load reductions by June 2016; 100 MW through energy efficiency and demand reduction, and 25 MW through combined heat and power (CHP) for consumers in New York City and Westchester County. These targets will be met through the installation of ice-based thermal energy storage, batteries, building management systems, demand response enablement upgrades, and efficiency upgrades which achieve permanent demand reduction.