{"id":1595,"date":"2023-04-28T20:20:06","date_gmt":"2023-04-29T00:20:06","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/moving-ny-to-clean-energy-is-top-2023-challenge-ny-power-authority-head\/"},"modified":"2023-04-28T20:20:07","modified_gmt":"2023-04-29T00:20:07","slug":"moving-ny-to-clean-energy-is-top-2023-challenge-ny-power-authority-head","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=1595","title":{"rendered":"Moving NY to clean energy is top 2023 challenge – NY Power Authority head"},"content":{"rendered":"
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NEW YORK (Reuters) – Switching to clean energy from natural gas-fired electricity is the New York power industry’s top challenge this year, New York Power Authority’s chief executive said on Monday.<\/p>\n

“That’s the biggest challenge, I think, that we and the industry faces,” said Justin Driscoll, who heads the nation’s largest state-owned electric utility, at the BNEF Summit.<\/p>\n

New York State has set a target of generating 70% of its electricity from renewable sources like wind, solar and hydropower by 2030 and 100% zero-emission electricity a decade later.<\/p>\n

As of last year, natural gas-fired power plants accounted for nearly three-fifths of New York’s generating capacity, according to the Energy Information Administration.<\/p>\n

Maintaining grid reliability, while moving plants offline will be a top challenge this year, Driscoll said. The state is also looking to expand its hydropower capabilities and battery storage as key measures to reaching its climate-driven goals, he said. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (Reuters) – Switching to clean energy from natural gas-fired electricity is the New York power industry’s top challenge this year, New York Power Authority’s chief executive said on Monday. “That’s the biggest challenge, I think, that we and the industry faces,” said Justin Driscoll, who heads the nation’s largest state-owned electric utility, at […]<\/p>\n","protected":false},"author":1,"featured_media":1596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-1595","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nMoving NY to clean energy is top 2023 challenge - NY Power Authority head | iFintechWorld<\/title>\n<meta name=\"description\" content=\"NEW YORK (Reuters) - Switching to clean energy from natural gas-fired electricity is the New York power industry's top challenge this year, New York Power\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=1595\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moving NY to clean energy is top 2023 challenge - 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