
NYSERDA Funds Clean Energy for Innovative Solutions
Investment Goes to Technologies Now in Development, Including those that Can be Used to Generate Electricity without Fossil Fuels
The New York State Energy Research and Development Authority (NYSERDA) is investing $1 million in four New York City and Long Island companies that are developing environmentally-friendly technologies to generate electricity while reducing fossil fuel use and greenhouse gas emissions.
The projects were part of a $7 million statewide incentive program announced earlier this year that has provided funding awards to 17 companies. Projects included fuel cells, solar panels, wind turbines, carbon-dioxide removal, energy storage, waste-heat-to-electric facilities, biogas and hydropower. In order to qualify for this competitive funding, applicants had to show how the new products made an improvement on existing technology. Funding will also pay for demonstration projects and promoting the results, further increasing the market for these products.


