Wednesday, March 7, 2012
National Grid Provides Grant to NY-BEST For Energy Storage Impact Study
National Grid presented a $98,000 economic development grant to the New York Battery and Energy Storage Technology Consortium (NY-BEST) at the consortium's second annual "Capture the Energy Conference" to support an advanced energy storage technology initiative that will identify emerging markets for energy storage job growth in the state and assist NY-BEST in its efforts to attract and promote energy storage businesses to New York.
The $98,000 National Grid grant will be used to develop an economic impact study and "roadmap" that will identify and quantify emerging markets for energy storage technologies, potential for job growth, and the policies, market drivers and other factors that are influencing this sector. The results will be used to aid NY-BEST in its efforts to establish New York as a global leader in the market, prioritize opportunities within the energy storage sector and leverage its strengths to attract new businesses. Grant funds will also support new promotional materials and an updated website for NY-BEST to help it reach a wide audience of stakeholders.
"The work that NY-BEST is doing to create a vibrant, world-class advanced battery and energy storage sector in New York State is helping to transform the state's economy," said William Flaherty, National Grid Director of Customer and Community Management. "National Grid is pleased to support those efforts."
"NY-BEST thanks National Grid for recognizing the great potential of the energy storage technology market in New York and the economic development opportunities its expansion would create," said NY-BEST Executive Director, Dr. William Acker. "This National Grid funding will also help us promote and grow the rapidly evolving energy storage sector, attract new businesses and establish New York as the global leader in advanced energy storage product facilitation."