NYSERDA Announces $10 Million Smart Grid Funding Opportunity to Support Grid Modernization Initiative

Announcement follows $3.5 million made available last week for companies to help New York integrate renewable energy systems into electric grid and cut costs

October 26, 2016

The New York State Energy Research and Development Authority (NYSERDA) today announced $10 million in funding is available to help New York improve the resiliency, reliability, efficiency, quality and overall performance of the electric grid. This funding - focused on smart grid technologies - is part of a focus on innovation and research projects that will modernize New York's electric grid while making it both smarter and more efficient.

These funds are available for research studies, engineering studies, product development and demonstration projects on innovative smart grid technologies, including grid sensing, communications, diagnostics and controls. The goal is to promote the development of a high performing electric grid that accommodates diverse clean energy resources - such as solar, wind, and combined heat and power - as well as community-based microgrids, enhances overall grid performance and enables customers to reduce their energy costs, energy consumption and environmental impacts.

These actions will help New York meet its aggressive Clean Energy Standard to generate 50 percent of its electricity from renewables by 2030. NYSERDA's grid modernization activities focus on the development of an advanced, digitally managed electric grid. Building a grid that employs advanced 21st century technologies to service modern electric system needs is a critical component in Governor Andrew M. Cuomo's Reforming the Energy Vision (REV) strategy to build a clean, resilient and affordable energy system for all New Yorkers.

"Governor Cuomo's REV strategy calls for transforming our electric power system into a modern, high performing grid," said John B. Rhodes, President and CEO, NYSERDA. "This initiative will develop, accelerate and prove out new Smart Grid solutions to advance New York State toward that critical goal."

NYSERDA previously announced the availability of $3.5 million as part of this program for clean tech companies, distributed energy resource providers and others with solutions to make it easier, less costly and less time- consuming to connect renewable resources, such as solar and wind, to the electric grid.

More information about this smart grid funding is available at high performance grid.

Funding is available through the State's 10-year, $5.3 billion Clean Energy Fund to support clean energy market development and innovation, and a major component of REV.

About the Clean Energy Fund

The 10-year, $5.3 billion Clean Energy Fund (CEF) is a core component of New York State's Reforming the Energy Vision strategy to achieve a clean, resilient and affordable energy system for all New Yorkers. It is designed to deliver on New York State's commitment to accelerate the use of clean energy and energy innovation and drive economic development, while reducing ratepayer collections.It includes a focused effort to bring more clean energy opportunities and benefits to low- to moderate-income communities throughout the State. The CEF supports New York's aggressive Clean Energy Standard, which requires that 50 percent of the State's electricity come from renewable energy sources by 2030.

About Reforming the Energy Vision

Reforming the Energy Vision (REV) is Governor Andrew M. Cuomo's strategy to lead on climate change and grow New York's economy. REV is building a cleaner, more resilient and affordable energy system for all New Yorkers by stimulating investment in clean technologies like solar, wind, and energy efficiency, in part through the recent adoption of New York's Clean Energy Standard which requires that 50% of the state's electricity needs be generated from renewable energy sources by 2030. Already, REV has driven 600% growth in the statewide solar market, enabled over 105,000 low-income households to permanently cut their energy bills with energy efficiency, and created thousands of jobs in manufacturing, engineering, and other clean tech sectors. REV is ensuring New York State reduces statewide greenhouse gas emissions 40% by 2030 and achieves the internationally-recognized target of reducing emissions 80% by 2050. To learn more about REV, including the Governor's $5.3 billion investment in clean energy technology and innovation, please visit www.ny.gov/REV4NY and follow us at @Rev4NY.

About NYSERDA

NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. NYSERDA professionals work to protect the environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York State since 1975. To learn more about NYSERDA’s programs and funding opportunities, visit nyserda.ny.gov or follow us on Twitter, Facebook, YouTube, or Instagram.

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