Maloney asks about electric grid strength amid increased demands
Maloney asks about the strength of the city's electric grid amid increasing demands. Jung cites a NYISO reliability report showing narrowing reliability margins and shares concerns about securing reliable, low-cost energy. He notes EDA has supported 400+ megawatts of clean technology deployment and sees battery storage as viable for addressing both reliability and extreme heat risks.
How do you think of the strength of the city's infrastructure and the electric grid in the face of these increased demands?
Yeah, I mean, the NYSO put out a reliability report a little bit ago.
It outlined that the reliability margins are narrowing, and so we do see a potential challenge with
securing reliable and low-cost energy for New Yorkers.
So I do share your concern about
that potential becoming a larger challenge.
I think for us, we are doing all that we can to support different clean energy technologies that will alleviate burden, make the grid more resilient, and make energy more affordable.
So we're happy to share that IDA, in particular, has supported more than 400 megawatts of clean energy
clean technology deployment across the city.
Those have actively mitigated peak demands, particularly during the summer months.
As we all know, there's 500 New Yorkers that die every summer from extreme heat.
And so we see batteries as a viable technology to address not only the reliability
needs that we see coming down the pike, but also to solve immediate concerns, particularly around extreme heat in the here and now to not only save New Yorkers'lives, but also create economic opportunities for our green economy industries today.