NYSERDA Announces $10 Million Available for Commercial and Industrial Carbon Challenge Initiative

State Seeking Proposals for Projects to Reduce Carbon Emissions in Large-Scale Buildings

May 09, 2018

The New York State Energy Research and Development Authority (NYSERDA) today announced the availability of $10 million for clean energy projects that will reduce carbon emissions at commercial and industrial buildings throughout the state. The initiative supports Governor Andrew M. Cuomo’s ambitious goal to reduce greenhouse gas emissions 40 percent.

The Commercial and Industrial Carbon Challenge is a pilot program to determine whether providing flexible uses of funding for clean energy projects can be more cost effective and increase the amount of carbon emission reductions over traditional state supported programs.

The Carbon Challenge will provide awards ranging from $2 million to $5 million to partially offset development costs of clean energy projects that demonstrate the highest potential for cost-effectively implementing carbon-decreasing clean energy actions in buildings with an aggregate 12-month average demand of 10-megawatts or greater. Projects may be for energy efficiency or distributed energy resources that provide increased flexibility for commercial and industrial customers to achieve carbon reductions.

Alicia Barton, President and CEO, NYSERDA said, “This Carbon Challenge provides greater flexibility in funding to commercial and industrial building owners who want to adopt clean energy actions to drive greater efficiency throughout their buildings and in turn reduce their energy costs. The State’s building stock is one of the largest contributors to greenhouse gas emissions, and this Challenge underscores the State’s work with these consumers to address climate change and support the Governor’s ambitious energy goals.”

Commercial and industrial buildings account for 33 percent of the energy-related greenhouse gas emissions in New York State. Buildings eligible for this funding include colleges, universities, health care facilities, office buildings and manufacturing plants, among others.

All proposals must include a three-year carbon emissions reduction target and identify the path to achieving the target. Awards will be made to proposals demonstrating the highest potential for cost effectively implementing carbon-reducing clean energy actions, which must be completed by 2021. Proposals must be submitted by July 10, 2018.

Funding is available through the State’s 10-year, $5.3 billion Clean Energy Fund. More information about this funding is available on NYSERDA’s website.

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. The CEF includes a focused effort to bring more clean energy opportunities and benefits to low- to moderate-income communities and 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. NY Green Bank, a core component of the CEF, has generated $27.6 million in positive net income as a result of $457.5 million in investments in clean energy transactions across New York . Its $1 billion NY-Sun initiative has already helped facilitate a more than 1,000 percent increase in solar deployment since 2011. The CEF supports New York's ambitious Clean Energy Standard requiring 50 percent of the state's electricity to come from renewable energy sources by 2030.

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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