ALBANY – The New York Power Authority (NYPA) Board of Trustees has approved $30 million to advance market development and commercialization of new energy efficient technologies, helping support the growth of New York State's clean energy economy while also reducing costs and improving efficiency at public facilities statewide.
"This initiative will expand our growing clean energy industry by using public-private partnerships to accelerate the commercialization of new energy efficient technologies," Governor Andrew Cuomo said. "With the NY Works program launching job-creating projects in all corners of the state, these funds will help the state continue to provide low-cost, affordable power to businesses big and small, while also investing in projects to improve energy-efficiency at public, commercial, and residential buildings across the state. This new technology will improve air quality and the reliability of the electric power system here in New York, while lowering energy bills and helping the state further solidify its place as the nation's leader in the clean energy economy."
NYPA's new Energy Efficiency Market Acceleration Program, EE-MAP, will provide the $30 million in funding over a five-year period to accelerate energy efficiency market development activities and demonstration projects. Specifically, it will focus on the deployment of commercial energy efficiency products and systems that are not yet widely available by:
- Helping to accelerate their deployment;
- Attracting technology companies to New York State;
- Creating and facilitating market channels for energy efficiency technology companies;
- Assisting in the forming of strategic alliances and business development opportunities for technology companies;
- Training engineers, contractors and maintenance service providers in designing and installing energy efficiency products.
In addition, EE-MAP will include developing energy efficiency master planning programs and efforts to develop new energy efficiency markets in coordination with State agencies, authorities and electric utilities to improve industry access to investments made at public facilities.