New York $24m funding will transform clean energy

By Blake Jackson

New York Governor Kathy Hochul has announced the allocation of $24 million for 26 innovative clean energy projects.

These projects are part of the New York State Energy and Research Development Authority's (NYSERDA) efforts to advance clean energy technologies in areas such as long-duration energy storage, clean hydrogen production, grid modernization, geothermal, and building electrification.

The awarded projects aim to improve the affordability, reliability, and resilience of energy consumption and distribution across the state.

“The innovations we invest in today are the solutions of tomorrow, and New York is at the forefront of turning clean energy ideas into reality,” Governor Hochul said. “As a world-class hub for clean energy innovation, we will not rest on our laurels. Instead, we will build upon each breakthrough to ensure our growing green economy continues to thrive through the kind of outside-the-box thinking demonstrated by each of the selected projects.”

NYSERDA's Innovation program, which selected the awarded projects, focuses on accelerating the development and deployment of cutting-edge clean energy technologies.

The contracts were awarded under various programs, including renewable optimization and energy storage innovation, hydrogen and clean fuels, grid modernization, advanced buildings, and commercialization.

The awarded projects cover a wide range of clean energy areas, including long-duration energy storage, clean hydrogen production, grid management, distributed energy resources, advanced buildings, and commercialization.

These projects aim to increase grid efficiency, reduce costs, and support the transition to a sustainable energy system.

NYSERDA's Innovation and Research (I&R) program has deployed approximately $1.2 billion over 15 years, leading to significant private investments and commercialization of innovative clean energy products.

The awarded contracts are funded through the state's 10-year, $6 billion Clean Energy Fund.

New York State's climate plan aims to reduce greenhouse gas emissions by 40% by 2030 and 85% by 2050.

The state is also working towards achieving a zero-emission electricity sector by 2040 and economy-wide carbon neutrality by midcentury.

Photo Credit: istock-shansekala