New York opens $150M clean energy call

Illustration/OPT's PB40 PowerBuoy (Photo: OPT)
Illustration/OPT’s PB40 PowerBuoy (Photo: OPT)

New York State Energy Research and Development Authority (NYSERDA) has launched a funding call for renewable energy projects, in an effort to meet the NY state’s goal of 50% renewables by 2030.

The funding in the amount of $150 million will support large-scale renewable energy projects across the state, and significant private investment in renewable energy sources such as ocean energy, solar, wind, fuel cells, biomass, renewable biogas and upgrades to hydropower projects.

The applications are due by May 26, 2016, and the request for proposals will be implemented through a two-step process, consisting of the first step that will prequalify bidders, and second that comprises a competitive bid proposal submission.

Andrew Cuomo, Governor of New York who announced the call, said: “This funding will advance large-scale energy projects, continue build a clean energy economy, and generate opportunity for New Yorkers for generations to come.”

The winning bid proposals are expected to be announced in August, 2016.

Furthermore, NYSERDA signed a memorandum of understanding (MoU) with the US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to work together to stimulate development of high-potential, high-impact clean energy technologies in the New York state.

Under the MoU, NYSERDA and ARPA-E will focus on a broad range of technology areas including smart grid, energy storage, distributed and renewable energy resources, advanced buildings and 21st century transportation systems.

In addition, through this agreement, NYSERDA informed it is considering a co-funding arrangement to maximize and leverage both state and federal funds.

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