New York to Release $40M for Solar-Storage…Sunrun Wins Top Ranking from Navigant

Oct. 11, 2018
Latest news about solar-storage….New York to release $40M for solar-storage installed for C&I customers…Navigant ranks Sunrun first, Tesla second for residential solar-storage companies
Solar-storage funding for New York businesses

New York plans to make $40 million available in November for commercial and industrial (C&I) solar-storage projects, including community solar gardens.

This is the first time the state has offered funding for storage since it released its energy storage roadmap in June. The Public Service Commission is accepting comments on the roadmap through October 31 (Docket number 18-E-0130).

New York is trying to spur development of 1,500 MW of energy storage by 2025 and make renewables 50 percent of its electricity supply by 2030. Cuomo plans to announce a larger 2030 energy storage target in late 2018.

The state expects the $40 million incentive to add at least 50 MW of solar-storage and reduce barriers to customer acquisition, siting, and interconnection of the technology.

The money will come from the state’s $1 billion NY-Sun fund, a program that has resulted so far in 85,327 solar projects with a total capacity of 1,203.2 MW.

Separately, the NY Green Bank plans to invest at least $200 million in energy storage. The Green Bank has issued a request for information to project developers seeking input on how to best support energy storage and address financing gaps. Responses are due December 31.

Sunrun top solar-storge company: Navigant

Sunrun ranked as the market leader for solar-storage in a new report from Navigant Research that examines 12 residential  vendors based on their strategy and execution. 

“Sunrun has focused on leveraging multiple roles through turnkey services or strategic partnerships across the project delivery value chain to drive down costs and enable financing innovation to increase customer acceptance and participation,” says Ian McClenny, research analyst with Navigant Research. “Additionally, Sunrun utilizes a comprehensive energy storage software platform that analyzes business cases based on local markets and optimizes customer or grid service revenue streams.”

Sunrun bested Tesla and Vivint Solar, companies performing well on sales, but trailing in terms of market vision and production strategy, according to the report.

Others in the top 10 were:  E.ON, SunPower, Sunplug, Sunnova, Huawei, Soligent and ZEN Energy.

Navigant says to stay competitive in solar-storage, industry players must continue to develop a solid go-to-market strategy that proves their staying power.

Follow Microgrid Knowledge on Twitter @MicrogridNews.

About the Author

Elisa Wood | Editor-in-Chief

Elisa Wood is an award-winning writer and editor who specializes in the energy industry. She is chief editor and co-founder of Microgrid Knowledge and serves as co-host of the publication’s popular conference series. She also co-founded RealEnergyWriters.com, where she continues to lead a team of energy writers who produce content for energy companies and advocacy organizations.

She has been writing about energy for more than two decades and is published widely. Her work can be found in prominent energy business journals as well as mainstream publications. She has been quoted by NPR, the Wall Street Journal and other notable media outlets.

“For an especially readable voice in the industry, the most consistent interpreter across these years has been the energy journalist Elisa Wood, whose Microgrid Knowledge (and conference) has aggregated more stories better than any other feed of its time,” wrote Malcolm McCullough, in the book, Downtime on the Microgrid, published by MIT Press in 2020.

Twitter: @ElisaWood

LinkedIn: Elisa Wood

Facebook:  Microgrids

Exploring the Potential of Community Microgrids Through Three Innovative Case Studies

April 8, 2024
Community microgrids represent a burgeoning solution to meet the energy needs of localized areas and regions. These microgrids are clusters of interconnected energy resources,...

Get the full report

Impact of Optimal Controls in a Microgrid

Many commercial and industrial businesses are installing microgrids in order to lower their energy costs, reduce their carbon emissions, and bolster their resilience. Learn how...