New York State Launches $10 Million Energy Efficiency Program for Commercial & Industrial Projects
The New York State Energy Research and Development Authority (NYSERDA) has launched a $10 million program for commercial & industrial (C&I) accelerated efficiency programs. NYSERDA "seeks impactful energy reduction and beneficial electrification projects from existing facilities within the industrial and commercial sectors," their announcement states.
Eligible companies would have an annual energy cost of at least $500,000 for industrial or $1 million for commercial and ready to install by the end of 2025. A list of eligible projects includes energy efficiency improvements, process efficiency improvements, energy/heat recovery, ground source (geothermal) and air source heat pumps, electrification of thermal loads, energy management systems and controls, and operations & maintenance improvements.
"The purpose of this program is to achieve significant energy and carbon emission reductions on an accelerated timeline by providing large customers with flexible funding streams," the announcement states.
A complete breakdown of the program, including eligibility and application process can be found on the NYSERDA announcement webpage.