NYSERDA

The New York State Energy Research and Development Authority (NYSERDA) has set aside $10 million to support research, development and commercialisation of clean energy technologies.

NYSERDA will use the $10 million to launch and operate a cleantech accelerator.

The state Agency is seeking for an organisation to run the statewide cleantech accelerator.

The accelerator will bring together researchers, entrepreneurs, investors and industry experts to enhance and simplify research, development and commercialisation of innovative clean energy solutions.

The programme will provide early-stage investments and supporting services such as mentoring of clean energy start-ups.

The aim is to reduce carbon emissions, provide consumers with affordable energy, enhance energy efficiency and ensure the state sustains the reliability of its grid network through the use of innovative digital solutions.

Alicia Barton, President and CEO, NYSERDA said, “As we march toward achieving Governor Cuomo’s energy goals, continued investments in cleantech technology and innovation will create the necessary foundation for growing a vibrant, self-sustaining statewide clean energy ecosystem.

“Our nation-leading commitments are attracting more and more entrepreneurs and startup companies to New York and it’s critical that we provide them with the necessary tools for success and assurance that there is no better place to hone their skills than our cleantech accelerators.”

NYSERDA is currently administering two clean energy accelerators PowerBridgeNY in New York City and NEXUS-NY in Rochester. The two were launched in 2012.

NYSERDA is also supporting six clean energy incubators which offer commercialization resources, technical assistance and business development support to early-stage companies; an Entrepreneurs-In-Residence program to provide executive mentoring assistance

Products developed under such programmes and currently being used include energy efficient LED lighting systems for sports stadiums and entertainment venues, smart outlets for home appliances, longer-lasting batteries for cell phones and electric vehicles, more efficient heating-and-cooling systems.