New York was and is the gateway to the United States. Once a Dutch colony based on free trade, New York is now the pioneer of free trade in the United States and around the world. So it is not surprising that the State of New York is attracting attention with ambitious energy targets. There are many ways to achieve these, which I will explain in more detail in this article.
Table of Content:
- Renewable Energy Potential New York State
- Offshore Wind Potential New York State
- Hydropower New York State
- Climate Goals New York
- Energy Storage New York
- Decentralized Grid and Intelligent Grid Management in New York
- Outlook New York City Energy Policy 2020 – 2030
1. Renewable Energy Potential in New York State
New York City has easy access to fantastic energy sources that can be found in the neighborhood. Offshore wind and hydro power in particular have great potential for power generation. At the moment New York (appears) to be learning from the European experience with offshore wind energy, but New York has big goals regarding the use of strong winds found along the American East Coast and can pull it off.
2. Offshore Wind Potential in New York State
North of the Baltimore region, the wind speed on the American east coast exceeds 9 m/s. In the northeast of the USA, the winds intensify because the Gulf Stream transports warm water from the American east coast to Europe. This is why the United States Eastern Seaboard offers ideal conditions for generating electricity from offshore wind turbines. The Atlantic coast of Massachusetts north of New York offers an almost inexhaustible supply of energy, one could transmit the electricity generated from wind farms from Massachusetts to New York.
3. Hydropower in New York State
The state of New York also has enormous hydropower potential, especially in the north of the state. However, these sources are exhaustible, and to generate more energy from hydropower, cooperation with Hydro-Québec is an obvious option. There is a surplus of electricity in Quebec, a large part of which can be exported to New York.
4. Climate Goals of New York
New York has set itself the goal of achieving the climate goals of the Paris Climate Agreement. It is the declared goal of the state of New York to generate most of its electricity by 2030 from renewable sources. Offshore wind energy and hydropower are to be used for this purpose. Only California has similarly strict targets for the transition to renewable energies. Part of the energy is also to be generated by geothermal energy.
5. Energy Storage in New York
The main problem of renewable energies is that there is no economically viable storage capacity yet and the problem of intermittency of electricity supplies. The New York government is fighting against this. It wants to find innovative ways to store energy.
6. Decentralized Grid and Intelligent Grid Management in New York
Another cornerstone of New York’s energy policy is the expansion of the smart metering network, which is the basis for accurately measuring electricity supply and demand. New Yorkers learn from the experiences of Europeans, but plan to apply this technology a bit later. The Smart Grid will be of interest, because for New York’s transmission system operators, excessive fluctuations in the electricity grid are undesirable and lead to higher costs, especially if renewable energies supply more electricity to the grid. This applies in particular to transformers.
7. Outlook New York City Energy Policy 2020 – 2030
If New York manages to integrate hydropower and offshore wind energy into its new energy concept and finds private investors for these projects, it can succeed in becoming almost completely independent of fossil fuels, in electricity generation.
For more information on America’s energy policy:
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This article is just meant to inform the reader of recent developments in the energy industry at large and to share knowledge and insights with a wider audience. The author does not put forth investment recommendations.
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