DNV GL

One of the most striking aspects of the state's "Reforming the Energy Vision" initiative is the unique role it assigns to energy storage. Utilities may own distributed storage without concern over competitive implications when it becomes a part of the distribution network.

Tesla’s Elon Musk is driving the electric car off the lot and onto the premises of America’s electric utilities, proposing to build and sell energy storage batteries on both a residential and grid-wide scale – ideas that the chief executive will fully flesh out at the Edison Electric Institute’s annual meeting in New Orleans this June.

Energy storage has advanced rapidly, leaving the lab and entering a phase of deployment on the grid. Storage's advancements are a result of its promise as well as the tireless support of industry stakeholders who modeled, tested, evaluated and demonstrated the technology.

Combined heat and power still leads the Empire State in market penetration by distributed resources, but costs are not falling as fast as for storage or solar PV.