The New York Independent System Operator (NYISO) has released a 16-page white paper highlighting the possibilities “Energy Storage in the New York Electricity Markets”. The document discusses potential benefits of energy storage, including those relating to intermittent sources of power generation, such as wind:
Wind power, in terms of both capacity and generation, has surged in New York State in recent years. Since the beginning of 2007, more than 1,200 megawatts of wind capacity has been added to the grid. The continued growth of wind as a generation resource is expected for the foreseeable future due to a variety of factors including open access to the grid, price signals provided by NYISO’s wholesale electricity markets, the State’s Renewable Portfolio Standard (RPS), New York’s participation in the Regional Greenhouse Gas Initiative (RGGI), and the potential for Federal programs controlling carbon emissions.
The NYISO Interconnection Queue includes almost 7,000 megawatts of wind power projects, which represent about 40% of the generating capacity in the queue. While there are no guarantees that all of the proposed projects will be built, the significant number of potential projects is an indicator of the positive prospects for further wind development in New York State.
Energy storage resources, combined with the NYISO’s pioneering wind dispatch system, can help New York take full advantage of its wind power resources….