PowerBank (SUUN) has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage project known as the NY-Sapbush project, in New York. The project is expected to be eligible for incentives under the New York State Energy Research and Development Authority NY-Sun and Retail Energy Storage Incentive Programs. Battery systems like the one planned for NY-Sapbush store surplus renewable energy for when it’s not windy or sunny and maintain critical balance between energy supply and demand. The company is in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receipt of interconnection approval, the company will work to complete the permitting process and secure the necessary financing for the construction of the Project. The Project advances New York’s ambitious Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025.
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