Battery Storage in the Northeast, PJM & NYISO with Paul Reed (CEO & Founder @ RSunrise Energy)

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Jan 30, 2025

Join Paul Reed, Founder and CEO of RSunrise Energy, as he dives into the evolving landscape of battery storage in the Northeast. With nearly a decade of experience, he discusses how queue reform is reshaping PJM and NYISO's market dynamics. Paul highlights why 2025 could be a pivotal year for capacity prices and how state incentives are paving the way for investment. He also explains the role of the Inflation Reduction Act and the significance of local manufacturing in driving the region's energy transition.

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INSIGHT

Incentives Driving Growth

The Inflation Reduction Act (IRA) incentivizes battery storage with tax credits, making projects more financially viable.
State-level incentives, like those in New York, New Jersey, and Illinois, further attract investment.

ADVICE

Prioritize Financials

Focus on financial viability, not just technology, when developing battery projects.
Cost of capital and risk management are key factors.

INSIGHT

Northeast Incentives Overview

New York aims for 6 GW of battery storage by 2030, split across grid-scale, distributed generation, and residential.
New Jersey and Illinois offer upfront incentives per kWh to encourage development.

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The Northeast has long been one of the most complex regions for battery storage development in the U.S. While Texas and California have surged ahead, PJM and NYISO have struggled with slow interconnection processes, shifting policy landscapes, and unpredictable market signals. But is that starting to change?

This week, Quentin is joined by Paul Reed, Founder and CEO of RSunrise Energy, to discuss why he believes the Northeast is primed for a battery storage resurgence. With deep experience in PJM and a track record of navigating regulatory and market challenges, Paul shares insights on the impact of queue reform, the opportunities emerging from distressed assets, and why state-level incentives are creating a new wave of investment.

Over the course of the episode, they discuss:

How queue reform is reshaping storage development in PJM and NYISO.
The impact of rising capacity prices and why 2025 is a key inflection point.
The role of federal and state incentives in making battery projects financeable.
What developers need to know about securing grid connections and revenue certainty.
Why Paul believes the Northeast is the next big opportunity for storage growth.

About our Guest

Paul Reed is the Founder and CEO of RSunrise Energy, a development firm focused on battery storage projects in PJM and the Northeast. With nearly a decade of experience in demand response, behind-the-meter storage, and grid-scale development, Paul has played a key role in advancing energy storage in some of the most challenging markets in the U.S. Today, he is focused on building out a portfolio of storage projects that will help drive the next phase of grid modernization in the Northeast. Find Paul on LinkedIn.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.