NYPA approves clean energy roadmap for next decade
The New York Power Authority's (NYPA's) board of trustees recently approved a new strategic plan, VISION2030.
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USA, New York, New York: The New York Power Authority’s (NYPA’s) board of trustees recently approved a new strategic plan, VISION2030.
It provides a roadmap for transforming the state’s energy infrastructure to a clean, reliable, resilient, and affordable system over the next decade. VISION2030 highlights the NYPA’s commitment to partnering with state-wide customers to ensure a cost-effective transition to clean energy while simultaneously moving the state ahead in meeting Governor Andrew M. Cuomo‘s climate leadership targets under the Climate Leadership and Community Protection Act.
“With the approval of VISION2030, we are proud to again lead by example to meet the energy demands and challenges of the next decade,” said NYPA Chairman John R. Koelmel. “While continuing to provide affordable, reliable, and clean electricity, we will increasingly partner with our customers to transform the way they are using energy and move aggressively toward the governor’s climate leadership targets. That will ensure we even more effectively deploy our assets and expertise to power New York’s economy, and further stimulate and enable job creation and capital investment around the state.”
Under Cuomo’s leadership, the state has set timetables for decarbonising its electricity system including moving toward 70 % renewables by 2030, 100 % carbon-free electricity by 2040, and a carbon-neutral economy by 2050.
VISION2030 focuses on five strategic priorities to achieve the clean energy goals of NYPA customers and the state. They include the NYPA’s intention to:
- Partner with customers to deliver clean and affordable energy solutions.
- Pioneer the path to decarbonisation while ensuring reliability, resilience, and affordability of the state’s electric grid.
- Facilitate the rapid development of transmission assets.
- Preserve the value of hydroelectric generation and adaptively reimagine the New York State canal system.
These strategic priorities will be supported by the NYPA’s recently approved four-year financial plan, which includes five foundational pillars: becoming the first end-to-end digital utility; achieving best-in-class environmental, social, and governance performance and reporting; establishing a leadership role in diversity, equity, and inclusion priorities; bolstering enterprise resilience; and continuing progress with process excellence, workforce planning, and knowledge management.
Source: T&D World