Green Innovations

Developing renewable and clean technology companies in New York

Tuesday, January 26, 2010

PSC approves National Grid's economic development plan which includes a new renewable energy development initiative

The New York State Public Service Commission has approved  a $9 million economic development plan by National Grid, which will include a new renewable energy development initiative to stimulate the development of renewable technologies.  Under the new initiative, National Grid will be able to make matching grants of up to $750,000 to customers that can demonstrate that the installation of alternative generation technologies will produce economic development gains.  Eligible technologies through the new program will include solar, photovoltaic, thermal, biofuels and anaerobic digestion.  A project must also advance the development of "green energy" technologies.

National Grid will also expand its successful Capital Investment Incentive (CH) program to more small businesses.  The program allows National Grid to assist customers with upgrading energy infrastructure to make an expansion or to attract a new company.  National Grid will now be able to expand eligibility to csutomers sized from 100kW to 500kW.  Previously, only 500 kW + customers could participate in the program.

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