Green Innovations

Developing renewable and clean technology companies in New York

Friday, October 28, 2011

The New York State Public Service Commission provides $469 Million for advances in energy technology

The New York State Public Service Commission has approved a 5-year program that will provide the New York State Energy Research and Development Authority (NYSERDA) with $469 million to implement a suite of energy related technology and market development programs. With an annual budget of $93.8 million over the next 5 years, the funding will allow NYSERDA to accelerate energy innovation, promote the clean energy economy and incorporate more rigorous energy-use standards in codes and industry best practices.

The suite will focus on eight initiatives grouped within three categories: power supply and delivery, building systems and clean energy infrastructure. NYSERDA will give highest priority to initiatives with the potential to reduce energy use/demand, increase reliability and safety, moderate wholesale prices, mitigate delivery cost increases, or diversify energy resources.

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