NYSERDA

NYSERDA

The New York State Energy Research and Development Authority. It was founded in 1975 and is located in Albany, New York .

About

The New York State Energy Research and Development Authority (NYSERDA) is a New York-based public benefit corporation with a focus on energy and the use of it in New York state. Its stated goal is to reduce the consumption of petroleum in the state. It funds research and development that is dedicated to its goal.Other goals of the organization include reducing greenhouse gas emissions, accelerating economic growth, and reducing customer energy bills.

NYSERDA has provided capital to more than 1,000 startups and organizations, mostly in the form of grants. Industries in which the corporation has invested include battery manufacturing, electronic car-charging stations, light manufacturing, and more. It has also made more than 75 exits from companies such as Verizon Communications and Lockheed Martin.

The corporation also provides education about energy usage on its website through articles that are organized according to topics for residents and homeowners as well as businesses and governments.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Lockheed Martin

Aerospace and defense manufacturer, largest defense contractor in the world

Defense Industry
Bethesda, Maryland
ThinkEco

ThinkEco is a New York City-based energy efficiency solutions company.

Electricity
New York City
EVBox

EVBox develops charging stations for electric vehicles.

Automotive industry
Amsterdam
Zero Energy Solutions

Artificial Intelligence company

Artificial intelligence (AI)
Petah Tikva
Empower Equity (EMPEQ)

Empower Equity is a company founded in 2016 by Edward Wilson.

Energy efficiency
Quidnet Energy

Quidnet Energy is a Houston-based company working on developing a carbon-free energy grid.

Energy efficiency
Houston
Green Charge Networks (company)

Green Charge Networks is a Santa Clara, California-based company.

Energy storage
Santa Clara, California
Cummins Cogeneration

Cummins Cogeneration is a Lagos-based renewable energy company founded in 1919 by Clessie Cummins.

Renewable energy
Lagos
FTL SOLAR

Tamarack Lake Electric Boat Company

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People

Name
Role
LinkedIn

Alicia Barton

Further reading

Title
Author
Link
Type
Date

Glen Falls, N.Y., Expands Electric Vehicle Charging Network

Will Doolittle

Web

May 7, 2020

NYSERDA Holding Off on Nation's Largest Offshore Wind Solicitation - North American Windpower

Matthew Mercure

Web

April 28, 2020

Documentaries, videos and podcasts

Title
Date
Link

Clean Energy Resources Development and Incentives Build Ready Program

May 15, 2020

Companies

Company
CEO
Location
Products/Services

References

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