NYSERDA Commits $8 million to Develop and Commercialize 19 New York Battery and Energy-Storage Technology Projects
The New York State Energy Research and Development Authority (NYSERDA) announced that it will award $8 million to help develop or commercialize 19 cutting-edge energy storage projects that it says will strengthen New York’s standing as a national leader in the energy storage industry and help build New York’s clean energy economy for the future.
Nineteen awards are being made to companies and universities across New York that are involved in advanced research and development of energy storage applications that could benefit transportation, utility Smart Grid applications, renewable energy technologies, and other industries. The 19 projects will leverage $7.3 million in cost-sharing by recipients for a total of $15.3 million in funding.
Speaking in Troy at a meeting of the New York Battery and Energy Storage Technology (NY-BEST™), a consortium created by Governor David Paterson to support New York’s energy storage industry, Francis J. Murray, Jr., NYSERDA President and CEO said: "Creating more advanced energy storage technologies is essential for us to achieve substantial reductions in our greenhouse gas emissions and energy use. The proposals we are funding today will not only help meet our energy needs, but will demonstrate New York’s leadership in energy technology, stimulate world-class research and development, and commercialize products that will help build a clean energy economy and create jobs for the future."
The NY-BEST™ is an industry-focused coalition working to further the development and manufacture of an advanced battery and energy storage sector in New York State by capitalizing on New York’s existing broad base of energy storage companies and research centers.
Funding will support projects in two categories: Industry-led near-term commercialization partnerships, and technology development.