The New York State Energy Research and Development Authority (NYSERDA) recently announced two new investment programs that will help the clean-energy industry grow the state.
The first is dedicated to encouraging new clean-power products. The other is directed to the manufacturing process, encouraging companies to find new ways to produce technology while using less fossil fuel and reducing greenhouse gas emissions.
Francis J. Murray Jr., President and CEO of NYSERDA, said both programs stem from the authority’s mission to encourage the growth of clean-energy technology in the state.
“We’re looking for innovation,” Murray said. “Under Governor Cuomo’s leadership, we are working to create partnerships with private companies to build jobs, solidify New York’s standing as an energy leader and help reduce the state’s use of fossil fuels.”
The programs are the Environmentally Preferred Power Systems Technologies Program (PON 2244) and the Innovation in the Manufacturing of Clean Energy Technologies Program (PON 2250).
PON 2244 seeks to invest up to $6 million to help develop and commercialize renewable and other environmentally-preferred power technologies, including fuel cells, solar panels, wind turbines, energy storage, waste-heat-to-electric facilities, biogas and hydropower. Applicants must show the new products make an improvement on existing technology. Available funding per project ranges from $200,000 to $1 million, depending on the product’
s stage of development.
PON 2250 seeks to invest up to $2.5 million to help companies use innovative approaches to manufacture wind turbines, solar cells, light emitting diodes, fuel cells, high-efficiency boilers and other clean-energy technologies. Companies can receive up to $100,000 toward developing feasibility studies for new production techniques, or up to $400,000 for field demonstrations or commercialization projects.
Both programs pay up to 50 percent of the cost of the project, thus leveraging the investment of private funds in New York-based businesses. NYSERDA will select projects through a competitive process. PON 2244 has a deadline of May 16. PON 2250 has a deadline of September 15.