17 Apr '18, 10am

New York invests $15mn to boost its grid efficiency and performance

New York is investing $15mn in innovations to enhance the efficiency, resiliency and performance of its power grid. State Governor Andrew Cuomo has set a target to generate 50% of New York's electricity from renewable sources by 2030. The power grid investment aims to support the city's energy storage and renewable power goals. “One of the most critical components in our fight against climate change is the modernisation of our electric grid,” said Governor Andrew Cuomo. “I encourage entrepreneurs and clean energy companies to join in New York’s mission to lead the nation in protecting the planet by investing in renewable energy and help make our system more resilient against whatever Mother Nature throws our way.” SEE ALSO: APICORP forecasts almost $1trn for energy investment in MENA Coal plant development across the world drops for second consecutive year Fossil fuel firm...

Full article: http://www.energydigital.com/power-generation/new-york-co...

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