NYC First Major U.S. City in Decades to Embrace Battery Storage Installations

Energy storage company American Vanadium announces Wednesday a partnership with the Metropolitan Transportation Authority and New York State Research and Development Authority to begin a project that will incorporate a commercial battery installation for energy storage. American Vanadium CEO Bill Radvak tells TheStreet's Joe Deaux that utility company Con Edison is signing on to help cut electric grid costs, and that ideally this will trickle down to consumers by cutting their bills.