NYSERDA Announces Completion of Largest Battery Installation in the State

The New York State Energy Research and Development Authority (NYSERDA) announced the completion of Key Capture Energy's system, the largest battery installation in New York which will serve the state's electrical system by enhancing power grid performance and reliability and will help reduce greenhouse gas emissions. The 20-megawatt energy storage system supports Governor Andrew M. Cuomo's Green New Deal, the most aggressive climate change initiative in the nation which mandates New York's energy storage target of 3,000 megawatts by 2030, the largest target in the country.

Alicia Barton, President and CEO, NYSERDA, said, "Governor Cuomo has set New York on a path to lead the country and the world when it comes to deploying clean energy, and this project is more evidence that New York is not wasting any time getting started. This first project under NYSERDA's energy storage incentive program - the largest battery installation in the state to date-will enhance our electric system and demonstrate the value of large scale energy storage systems that will accelerate our ability to meet the state's commitment to a carbon-free electric system by 2040."

Key Capture Energy's project, called KCE NY1, is located in the Capital Region and the company's first since it relocated its headquarters from Houston, Texas to downtown Albany in 2018 in partnership with the University at Albany and the state's START-UP NY program, administered by Empire State Development. Since joining START-UP NY, Key Capture Energy has more than doubled the size of its Albany team to 14 employees to advance the development of the company's portfolio of utility-scale battery storage projects in New York. To further support its efforts to integrate into the state, the company has hired several employees from the University at Albany and is giving extra consideration to New York State-based supplier and service companies.

NYSERDA | www.nyserda.ny.gov

Key Capture Energy | www.keycaptureenergy.com