Commercial, GHG Emissions, Industrial - May 18, 2018
NYSERDA allocates $10 million for carbon reduction at C&I buildings
The New York State Energy Research and Development Authority (NYSERDA) 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 GHG emissions 40 percent.
A statement from NYSERDA introduced the Commercial and Industrial Carbon Challenge, 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 compared to traditional state-supported programs. Funding is available through the State’s 10-year, $5.3 billion Clean Energy Fund.
The Carbon Challenge will provide awards ranging from $2 million to $5 million to partially offset development costs of clean energy projects, including those concerning energy efficiency and distributed energy resources, 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. Buildings eligible for this funding include colleges, universities, healthcare facilities, office buildings and manufacturing plants, among others.
"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," said Alicia Barton, president and CEO, NYSERDA. "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.
Check out some of the key moments at SED's Innovation Summit!