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New York Announces Energy Storage Roadmap to Add 1,500 Megawatts by 2025 to Combat Climate Change

LCG, June 22, 2018--The Governor of New York Thursday announced his New York Energy Storage Roadmap that targets 1,500 MW of energy storage by 2025 to combat climate change. New York State currently has approximately 60 MW of advanced energy storage capacity deployed and another 500 MW in development. There is also 1,400 MW of traditional pumped storage hydro capacity.

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New Hampshire Governor Vetos Expansion of Net Metering Program

LCG, June 21, 2018--The Governor of New Hampshire vetoed Senate Bill 446 and Senate Bill 365 that were expected to cost electric ratepayers approximately $100 million over the next three years.

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Industry News

JEA Approves Plans for 250 MW of Solar PV Farms

LCG, October 18, 2017--The JEA Board of Directors unanimously approved a major solar-power program Tuesday to will invest in creating five solar photovoltaic (PV) farms to provide a total electric generating capacity of approximately 250 MW. The JEA Board also approved a mandate that 30 percent of its energy come from zero-carbon or carbon-neutral projects by 2030, which replaces a previous target that required the utility to invest more heavily in nuclear power.

JEA executives will spend, with the Board's approval, up to $50 million for five, 50-MW solar farm sites in Jacksonville, Florida. The solar farms are expected be built on JEA-owned land, with the footprint for each site covering about 400-500 acres each. A developer will build solar panels on the site, and JEA will buy the power, at a total cost of roughly $20 million per year for all five farms. The solar farms could be operational as early as 2020.

The JEA Board also approved a new solar policy that changes the rate paid to customers by JEA to JEA's fuel rate, which changes from time to time but will be less than the old rate. The new rate will go into effect April 1, 2018. Existing customers with rooftop-solar panels will be grandfathered in at the old, higher rate.

JEA somewhat offset the reduction in rooftop-solar compensation with a new incentive for rooftop-solar customers that offers customers a 30 percent rebate on the purchase of a battery system that can store a home's excess solar power. The federal government also offers a 30 percent tax credit on home-battery technology, which JEA says generally would save a customer about $3,000. During the day, solar panels would send excess power to a home's battery system instead of JEA's grid. At night, the home electric loads can be supplied by the battery instead of using JEA power.
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