Dissecting the Levelized Cost of Storage—“Adders” for New York City

Ahmed Ali A. Mohamed, Mohamed K. Kamaludeen, Francisco Barros and Zacarias Imperial
Additional contact information
Ahmed Ali A. Mohamed: Smart Grid Interdependencies Laboratory, Department of Electrical Engineering, Grove School of Engineering, City University of New York City College, New York, NY 10031, USA
Mohamed K. Kamaludeen: Smart Grid Interdependencies Laboratory, Department of Electrical Engineering, Grove School of Engineering, City University of New York City College, New York, NY 10031, USA
Francisco Barros: Smart Grid Interdependencies Laboratory, Department of Electrical Engineering, Grove School of Engineering, City University of New York City College, New York, NY 10031, USA
Zacarias Imperial: Smart Grid Interdependencies Laboratory, Department of Electrical Engineering, Grove School of Engineering, City University of New York City College, New York, NY 10031, USA

Sustainability, 2022, vol. 14, issue 7, 1-18

Abstract: The mass deployment of energy storage and distributed energy resources has become a major goal across several states in the United States. However, the viability and reality of such a goal in New York City has been put in question as possible financial burdens and execution risks are still unclear, while policies and regulations are still not fully settled. This paper provides a foundational overview of the Lazard LCOS study with emphasis on forward states which have successfully implemented mass deployment of energy storage technologies. “Adders” are related to the practicality in deploying these systems in a highly regulated and densely populated urban area such as New York City. It also discusses details on the typical financial structure/incentives that support the policies and regulations that allow for achieving these clean energy goals. Furthermore, many states have begun to focus on alternative battery technologies rather than just Li-ion, and as such, New York State is following suit. Utilizing several similar works that have begun to touch on these considerations individually and various accredited resources, this paper discusses “adders” for New York City (and New York State as a whole) as they develop similar approaches that are unique to them and offers helpful conclusions and recommendations to achieve their deployment goals.

Keywords: authority having jurisdiction (AHJ); batteries; energy storage; distributed energy resources (DERs); energy storage deployment; lithium technologies; non-lithium technologies; permitting; policies; regulations; zoning (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/7/3768/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/7/3768/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:7:p:3768-:d:777341

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().