NYSERDA has awarded contracts for 13 renewable energy projects totaling more than 719 MW, including solar, onshore wind and hydroelectric capacity
The eight bulk energy storage projects were selected from 46 proposals totaling about 6 GW
The 21 projects are expected to attract more than $3.7 billion in private investment and are planned to be operational by 2030
The New York State Energy Research and Development Authority (NYSERDA) has awarded 13 large-scale renewable energy and eight new bulk energy storage projects with a combined 1.7 GW capacity under its 2025 solicitation for these technologies.
The total comprises more than 719 MW of renewable energy capacity including solar, onshore wind and hydroelectric projects, selected under the 2025 Renewable Energy Standard Solicitation.
NYSERDA has also awarded eight lithium-ion bulk energy storage projects under its first Index Storage Credit (ISC) solicitation. The 15-year market-based ISC credits are designed to close the “missing money” gap by giving storage project owners greater revenue certainty, with payments linked to wholesale energy and capacity prices.
Together, these represent a combined 950 MW of new storage capacity. The eight winning projects were selected from 46 projects totaling close to 6 GW of capacity it received in response.
Some of the largest winning facilities include Key Capture Energy (KCE) NY 37 in Suffolk with 150 MW/4-hour duration. Another big one is the Lighthouse Energy Storage project with 140 MW/8-hour capacity. The contracted projects will provide critical reliability benefits to the state grid, it adds. These will need to meet the new storage safety codes effective since January 1, 2026, “among the most robust in the nation”.
While the renewable energy projects selected will mobilize over $2 billion of direct investment, storage facilities will spur over $1.6 billion, says NYSERDA.
All the winning facilities are planned to be operational by 2030. Payments will be given once these are operational.
“These projects announced today by NYSERDA will help New York reduce reliance on fossil fuels, help ensure that the state has the energy it needs year-round to support the grid, and create good jobs in the clean energy economy,” stated New York State Department of Environmental Conservation Commissioner Amanda Lefton.
New York currently has 95 solar, onshore wind, hydroelectric and offshore wind energy projects either operational or under development, with a combined capacity of close to 10.5 GW clean energy.
NYSERDA plans to issue the second annual Bulk Energy Storage Request for Proposals by the end of 2026 as it targets to achieve 3 GW capacity over three solicitations. Its overarching target is to reach 1.5 GW of energy storage by 2025 and 6 GW by 2030. As of June 30, 2026, New York had installed 561.98 MW AC of storage capacity through 8,411 projects.
New York also targets 10 GW of distributed solar capacity by 2030, and double it to 20 GW by 2035, backed by community solar. It exceeded 8 GW mark in July 2026 (see New York Surpasses 8 GW Distributed Solar Milestone).
