![]() Kathy Hochul announced the $16 million awarded to five projects at an energy conference in New York City on Thursday. The awards bolster New York’s effort to identify energy sources that can store power and run for multiple days or weeks when intermittent renewables are not available. Multiple studies identify a need for longer duration storage to support a zero-emissions grid, as required by the state’s climate law by 2040. French: New York’s premier energy authority will fund a hydrogen project at an upstate nuclear power plant and four other long-duration energy storage pilots. NYSERDA FUNDS NUCLEAR HYDROGEN - POLITICO’s Marie J. French: New York’s big dreams of building components for the offshore wind supply chain at Albany-area ports are hitting unexpected riptides, even with the promise of lucrative state and federal grants. OFFSHORE WIND PORT CHALLENGES - POLITICO’s Marie J. New Jersey ratepayers are also expected to get hit with high utility prices this winter. Oswego County is looking to revamp its green spaces. You’ll also receive daily policy news and other intelligence you need to act on the day’s biggest stories. ![]() Want to receive this newsletter every weekday? Subscribe to POLITICO Pro. The Department of Public Service holds the first of three days of public hearings on NYSEG/RG&E’s proposed rate hikes at 1 p.m. The Public Service Commission meets, 10:30 a.m. Speakers include DEC Commissioner Basil Seggos and interim NYPA chief Justin Driscoll. The Independent Power Producers of New York, Inc., holds it annual fall conference in Saratoga Springs at the City Center, 8:45 a.m. The Climate Action Council meets, 9 a.m. Higher utility bills will burden low- and moderate-income consumers, particularly those already struggling with unpaid bills from the pandemic. Con Ed is the latest New York utility to warn of rising utility costs, as public officials and the utilities seek to warn residents earlier than ever amid extreme volatility in the energy markets. Electricity costs are also expected to be higher. Con Edison forecasts that the average customer in New York City will pay 32 percent more for gas than last year, or about $460 each month from November 2022 to March 2023. French: New York’s largest utility is warning customers to expect higher heating costs this winter as high gas prices continue. HIGH ENERGY PRICES AHEAD - POLITICO’s Marie J. We'll take a look at the week ahead and look back on what you may have missed last week. Good morning and welcome to the Monday edition of the New York & New Jersey Energy newsletter.
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