10/08/2026
New York has awarded contracts to eight large-scale battery projects that could deliver 950 MW of on-demand, emissions-free power by 2030.
That’s a meaningful advance toward a more reliable grid—one that can store renewable energy when it’s abundant and deliver it when demand is highest. It could also cut reliance on costly, polluting peaker plants.
What makes this especially interesting is the contract structure: it gives battery projects the long-term revenue certainty they need to get built, while requiring developers to pay money back if market revenues exceed projections.
Read more: https://www.canarymedia.com/articles/batteries/new-york-torage-contracts-big-battery
The state stepped in with a market-based contract in hopes of jump-starting the big battery construction that has so far proved elusive.