Empire Technology Prize Finalists Selected to Advance Low Carbon Heating Solutions
Summary
Selected Teams Will Partner with Leading Real Estate Companies to Advance Their Low Carbon Solutions for Heating Tall BuildingsGovernor Kathy Hochul today announced seven finalists in the $10 million Empire Technology Prize, a competitive opportunity for global solution providers launched last October to advance building technologies for low carbon heating system retrofits in tall commercial and multifamily buildings in New York State. Finalists are challenged to develop a tested and fully functional prototype of a heating or distribution system that can be installed in a manner that does not displace occupants and works with existing infrastructure in buildings seven stories or taller.New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, Reducing emissions from the buildings sector will only be possible with ingenuity and technology innovation, which are at the center of the Empire Technology Prize Competition. MPN is developing a prototype system to be packaged as a mobile unit in order to allow for on-site demonstration purposes.Each selected team of equipment manufacturers and entrepreneurs will receive an initial $250,000 award with the potential for up to an additional $750,000 as they achieve milestones in progressing their solutions over the next year. DAC groups will be engaged to provide insight and feedback to finalists to ensure that the solutions being developed meet the needs of the communities they are designed to serve. New York is also on a path to achieving a zero-emission electricity sector by 2040, including 70 percent renewable energy generation by 2030, and economy-wide carbon neutrality by mid-century.