Pixie Chart of the week | NYISO forecasts extensive growth in battery storage

The New York Independent System Operator (NYISO) has released its publication, Reliability and a Greener Grid – Power Trends 2019, outlining the potential network developments in the New York region. NYISO forecasts that wholesale energy storage and behind the meter (BTM) energy storage capacity growth will accelerate over the coming decades.

The NYISO projects growth in grid-connected storage resources that will participate in wholesale markets as competitive suppliers. This week’s Chart of the Week displays the overall expected connected energy storage in the New York power grid over the next 20 years, rising to approximately 3.8GW capacity by 2039. 

To keep reading, please log in to your account

Alternatively, please sign up to receive free market insight online and direct to your inbox

Related thinking

Energy storage and flexibility

Australian Chart of the week | Round and Round the Market: Black Coal vs Batteries

This year appears to be the year of the battery, with the volume of projects that have been announced or in some stage of planning approaching the 10GW mark it is worth taking a look at how batteries are performing in the FCAS markets over the last two years. Currently...

Power and gas networks

Australian Chart of the week | Green hydrogen costs plummet, LNG prices soar

The ACCC currently calculates the LNG netback price as the price a gas exporter could receive for gas exports excluding the costs to convert and ship the gas. Asian cold weather and supply bottlenecks have driven the February LNG netback price to nearly $20 a gigajoule, more than double the...

Energy storage and flexibility

Chart of the week | Wider Access: BM sees annual increase in smaller participants

In recent years National Grid ESO’s Wider Access programme has rolled out several measures to support the entry of smaller and non-traditional participants into the Balancing Mechanism (BM). This 'Chart of the week' looks at the level of new entry into the BM over the past year. Specifically, it looks...

Energy storage and flexibility

Chart of the week | Increasing electricity balancing costs and an increasing System Operator role

Last week saw the publication of Ofgem's review of GB energy system operation. This makes recommendations that the roles and functions of the electricity and gas system operators need to change in light of net zero. In this week's 'Chart of the week', I wanted to focus on one aspect...

Energy storage and flexibility

Australian Chart of the week | Yesterday, [battery storage] was such an easy game to play

FCAS continues to drive the majority of revenues for battery storage in the NEM (there are five active utility-scale battery storage projects operating in the NEM; three in SA and two in VIC), however given the forecast pipeline of prospective storage projects (with two 500MW+ projects having already been announced...

Commercial and market outlook

Chart of the week | Nearly 6mn customers switched electricity supplier in 2020

This article was originally published as part of a larger piece in Energy Spectrum, published on 25 January 2021. To find out more about a subscription to Energy Spectrum, contact Nick on n.palmer@cornwall-insight.com. This week's 'Chart of the week' discusses the latest electricity switching figures from Energy UK, published on 21...

Energy storage and flexibility

Australian Chart of the week | I can’t believe it’s not b[e]tter?… spreads getting better in NSW

The Federal Government announced this week that they will step into the electricity market (through the state-owned Snowy Hydro) to build up to 1,000MW of gas-fired generation to fill the gap left by the Liddell Power station for the 2023-24 summer unless the market can demonstrate final investment on dispatchable...

Regulation and policy

Chart of the week | Ofgem Switching Programme regains momentum

This 'Chart of the week' follows the seventh edition of Cornwall Insight’s Faster Switching Service (FSS), issued on Monday. Our FSS is designed to help readers understand Ofgem’s major industry programme to deliver faster and more reliable switching for consumers. The service comprises two elements: a walk-through of the entire...