February 25, 2010

Saratoga Technology + Energy Park® Adds The Radiant Store, Inc. to Its Growing Tenant List

The Radiant Store Inc., an installer of solar thermal hot water systems that provide energy efficient, carbon–neutral solutions to home owners and businesses seeking to reduce fossil fuel consumption, has located at the New York State Energy Research and Development Authority’s (NYSERDA) Saratoga Technology + Energy Park (STEP) in Malta, NYSERDA today announced.

“The Radiant Store is a perfect fit for STEP, which provides an environment to help clean energy and environmental technology companies to build and grow,” said Francis J. Murray, Jr., President and CEO of NYSERDA. “NYSERDA welcomes The Radiant Store to STEP and looks to its continued success. Its work to deploy more environmentally sustainable technologies will help New York meet the ambitious energy reduction goals set by Governor David Paterson.”

“STEP is fertile ground for renewable technology companies like The Radiant Store to grow,” said Terry Moag, President of The Radiant Store, Inc. “Between the TEC–SMART facility and the resources NYSERDA brings to the table, STEP is uniquely qualified to meet the needs of clean tech companies.”

Solar thermal heating systems can significantly reduce the energy costs and environmental impact of hot water heating for residences and businesses. A solar hot water system consists of a series of solar panel–like collectors installed on a roof that utilize the sun’s energy to heat a liquid that is pumped into an insulated hot water tank to heat up hot water. The heated water is immediately available for use or stored until hot water is needed. Federal and state tax incentives are available to help offset the purchase and installation costs for these systems.

The Radiant Store, Inc. is located at STEP’s 10 Hermes Road building, which also is home to Auterra, Inc., an advanced materials manufacturing and development company. Other companies located at STEP include GLOBALFOUNDRIES, Lockheed Martin, and the Building Performance Institute, among others.

STEP is also home to TEC–SMART, the Training and Education Center for Semiconductor Manufacturing and Alternative and Renewable Technologies, which opened its doors this past January. A $13.5 million partnership between NYSERDA and Hudson Valley Community College, TEC–SMART features more than a dozen smart classrooms and advanced laboratories that will be used to train the workforce in green technologies, including semiconductor manufacturing, photovoltaics, home energy efficiency, geothermal, alternative fuels, and wind energy.

For more information, visit NYSERDA.

Contact:

Jeffrey Gordon, NYSERDA
518–862–1090 ext. 3544
Jrg@nyserda.ny.gov