Governor Cuomo Announces $6 Million in Awards for Innovative Low Carbon and Clean Energy Solutions to Help Combat Climate Change
Summary
"New York has built a green energy economy that supports businesses from start-up to commercialization to establish a cleaner, more sustainable future for communities across our state, consistent with the goals of our ambitious, nation-leading climate agenda" Governor Cuomo said. The $3 million in Accelerate Southern Tier Awards aim to advance innovation as part of the regions growing and robust ecosystem that supports the formation and growth of early-stage clean energy companies. Each company has obtained at least twice as much in qualifying private capital investments and are advancing innovation to support decarbonization scale-up through hardware, software, technology-enabled services, data analytics, and processes that broadly reduce energy consumption, or increase resource efficiency. New York prioritizes investments in research, development, and commercialization to support startups accelerating the clean technology innovations needed to meet the states goal for economy-wide carbon neutrality. Enshrined into law through the Climate Leadership and Community Protection Act, New York is on a path to achieving its mandated goal of a zero-emission electricity sector by 2040, including 70 percent renewable energy generation by 2030, and to reach economy wide carbon neutrality.
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