State offers $55M for energy storage projects on LI

Posted: Updated:

ALBANY (AP) - New York state is offering up to $55 million in incentives for commercial and residential energy storage projects on Long Island.

The funding, announced last week, is intended to reduce the costs of storage systems for renewable energy.

Gov. Andrew Cuomo says the idea is to use the state's resources to make it easier to expand Long Island's use of green energy while also creating new energy sector jobs.

The money will be awarded over the next several years.

State lawmakers earlier this year approved the nation's most aggressive targets for reducing emissions and ramping up renewable energy sources. Officials say state incentives are a key way to leverage private investment and make New York state a leader in energy innovation.

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."