OTHERAPPROVED

NYCIDA Approves Battery Storage Incentive for Lighthouse Luyster Creek II

NYCIDA approved a straight-lease incentive for Lighthouse Luyster Creek II, LLC for a battery energy storage project in Astoria. The project has an estimated cost of about $190.5 million and includes tax benefits capped at $8.79 million.

Document date · September 14, 2026

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Approximately $190,500,000 total project cost; exemption amount not to exceed $8,786,250
Contract type
OTHER
Contract term
Effective for one year from September 15, 2026
Renewal date
2027-09-15
Renewal
Resolution remains effective for one year from the adoption date unless terminated earlier by the Agency; refinancing mortgages may be entered into from time to time if the Applicant refinances Lender Mortgage indebtedness.
Document type
Resolution
Source document
New York City Industrial Development Agency Resolution Board of Directors' Meeting September 15, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by NYC-Build NYC Resource Corporation?

Lighthouse Luyster Creek Ii Llc was awarded this government contract by NYC-Build NYC Resource Corporation, as recorded on September 14, 2026. The contract value is Approximately $190,500,000 total project cost; exemption amount not to exceed $8,786,250.

How much is the Lighthouse Luyster Creek Ii Llc contract with NYC-Build NYC Resource Corporation worth?

The Lighthouse Luyster Creek Ii Llc contract with NYC-Build NYC Resource Corporation is valued at Approximately $190,500,000 total project cost; exemption amount not to exceed $8,786,250.

What type of contract is this?

This is a government contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New York City Industrial Development Agency Resolution Board of Directors' Meeting September 15, 2026 (Resolution), dated September 14, 2026 from NYC-Build NYC Resource Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lighthouse Luyster Creek Ii Llc hold?

Lighthouse Luyster Creek Ii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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