New York State Energy Research and Development Authority

Banyan Infrastructure Announces $25 million in Series B Funding to Accelerate Sustainable Financing Software Platform

Retrieved on: 
Tuesday, March 7, 2023
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SAN FRANCISCO, March 7, 2023 /PRNewswire/ -- Banyan Infrastructure, the leading sustainable financing software platform, today announced a $25 million Series B funding round, bringing the company's total funding to over $42 million. Climate software investor Energize Ventures led the round, with participation from new investors SE Ventures and Elemental Excelerator, and existing investors VoLo Earth and Ulu Ventures. Juan Muldoon, partner at Energize, has joined Banyan's board of directors.

Key Points: 
  • SAN FRANCISCO, March 7, 2023 /PRNewswire/ -- Banyan Infrastructure , the leading sustainable financing software platform, today announced a $25 million Series B funding round, bringing the company's total funding to over $42 million.
  • Banyan unlocks capital for renewable infrastructure by making sustainable project finance fast, efficient, and scalable.
  • Banyan unlocks capital for renewable infrastructure by making sustainable project finance fast, efficient, and scalable.
  • To-date, Banyan is enabling billions of sustainable infrastructure investments across seven countries and thousands of projects.

Beacon Wind to Repower Community with Renewable Energy Facility

Retrieved on: 
Friday, March 3, 2023
Family, Environment, Consumer, Teens, Sustainability, Children, Construction & Property, Urban Planning, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Other Education, Primary, Secondary, Education, Philanthropy, Environmental Policy, Environmental Issues, Other Philanthropy, Environmental Health, Climate, Atmosphere, Wind, Science, BP, Empire Wind, EC1 Science and Technology Center in Łódź, Investment, Movement, Senate, Partnership, Climate Leadership and Community Protection Act, NRG, Commissioner, Curriculum, State, Propane, Climate change, Council, Technology Center, CLCPA, Media center, Renewable energy, GWS, Science, technology, engineering, and mathematics, Environmental protection, NYSERDA, Health, Environmental justice, New York State Energy Research and Development Authority, New Yorker, Equinor

The future converter station, named the Astoria Gateway for Renewable Energy (AGRE), will replace the decades-old plant with a new source of renewable power for New York. The AGRE station will receive 1,230 megawatts of renewable energy – enough to power 1 million homes -- generated by the Beacon Wind offshore wind project, located 60 miles off the eastern tip of Long Island, beginning in the late 2020s. The NRG facility is planned to cease operations and will begin decommissioning in May 2023. Pending permit approvals, Beacon Wind will begin site preparations in 2025, making AGRE one of the first fossil-to-renewable infrastructure repurposing in New York City.

Key Points: 
  • The AGRE station will receive 1,230 megawatts of renewable energy – enough to power 1 million homes -- generated by the Beacon Wind offshore wind project, located 60 miles off the eastern tip of Long Island, beginning in the late 2020s.
  • Beacon Wind will bring an important new source of renewable power to a neighborhood marked by its industrial past, and now, community access to world class education on offshore wind through the Variety Boys and Girls Club.
  • This project will provide sustainable wind energy to Astoria and elsewhere, putting the community on a course to reach the renewable energy goals established in the NY Climate Change Act.
  • Its work in the United States includes the development of two lease areas in New York, Empire Wind and Beacon Wind.

NYPA and NYSERDA Announce New Battery Energy Storage Technology That Demonstrates Peak Shaving, Cost-Saving Benefits at New York Power Authority

Retrieved on: 
Thursday, February 16, 2023
Lithium, Cloud, CLCPA, Climate, State, New York Power Authority, BNEF, Climate change, New York State Energy Research and Development Authority, NYPA, White Plains, Development, Electricity, Cadenza Innovation, Safety, Fire, BESS, NYSERDA, Climate Leadership and Community Protection Act, Explosion, Risk, Supercell, Energy storage, Power, Digital, Electric battery, Renewable energy

WHITE PLAINS, N.Y., Feb. 16, 2023 (GLOBE NEWSWIRE) -- The New York Power Authority (NYPA) and the New York State Energy Research and Development Authority (NYSERDA) today announced that a first-of-its-kind battery energy storage system (BESS) using patented, high-safety, lithium-ion (Li-ion) superCell technology is delivering energy peak shaving capabilities to NYPA’s White Plains offices, as part of a demonstration project. The BESS developed by Cadenza Innovation is enabling NYPA – the largest state public power organization in the nation – to demonstrate a peak energy demand shaving function that reduces the peak electricity load typical of a commercial building. The pilot project will help advance New York State’s nation-leading climate and clean energy goals, including Governor Kathy Hochul’s recently announced plans for a framework for the State to achieve six gigawatts of energy storage by 2030.

Key Points: 
  • The BESS developed by Cadenza Innovation is enabling NYPA – the largest state public power organization in the nation – to demonstrate a peak energy demand shaving function that reduces the peak electricity load typical of a commercial building.
  • The project at NYPA is using the energy storage system to demonstrate a peak shaving function that reduces the peak load typical of a commercial building.
  • The BESS can supply building power at desired demand times and includes the ability to function in a peak shaving mode.
  • NYPA and Cadenza Innovation will continue to monitor and evaluate the system’s performance over the next 12 months.

Gradient Raises $18MM in Series A Financing

Retrieved on: 
Thursday, February 2, 2023
Apps, Applications, Mobile, Wireless, Technology, Utilities, Other Technology, Oil, Gas, Software, Energy, Hardware, Data Management, New York Power Authority, International Energy Agency Energy in Buildings and Communities Programme, Ajax, Climate change, AC, Development, Maintenance, Carbon, Face, HVAC, Heat, All, New York City Housing Authority, Cold climate, Environment, New York State Energy Research and Development Authority, International Energy Agency, Heating, ventilation, and air conditioning, Sustainability, Gradient

Unfortunately, current HVAC systems—built by industry incumbents who haven’t changed their product design in over 50 years—are damaging the environment in an outsized way.

Key Points: 
  • Unfortunately, current HVAC systems—built by industry incumbents who haven’t changed their product design in over 50 years—are damaging the environment in an outsized way.
  • Gradient breaks the cycle with products that keep homes cool and comfortable without heating the planet.
  • Gradient uses heat pump technology and a climate-friendly refrigerant to create a product that is quiet, effective, and efficient.
  • “Gradient is building the future of HVAC solutions in the face of ongoing climate change,” said Matt Chagan, Partner at Sustainable Future Ventures.

Equinor and bp Bid for Third New York Offshore Wind Solicitation

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Thursday, January 26, 2023
Urban Planning, Construction & Property, Professional Services, State, Local, Other Energy, Labor, Other Professional Services, Alternative Energy, Public Policy, Government, Energy, Other Construction & Property, Capital region, MWBE, Pulse, New York State Energy Research and Development Authority, Investment, Development, Electricity, Wind, BP, Renewable energy, NYSERDA, Workforce, NY3, GWS, Empire, Empire Wind, Beacon, EV, Knowledge, New Yorker, Non-governmental organization, Equinor

Equinor and bp’s bid, submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation, would provide New York with renewable energy from the Beacon Wind 2 lease area located approximately 60 miles off the eastern tip of Long Island.

Key Points: 
  • Equinor and bp’s bid, submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation, would provide New York with renewable energy from the Beacon Wind 2 lease area located approximately 60 miles off the eastern tip of Long Island.
  • Power from Beacon Wind 2 would complement the 3.3 GWs of potential offshore wind generating capacity for New York State currently under development by Equinor and bp with the Empire Wind 1 and 2 and Beacon Wind 1 projects.
  • Additionally, working with offshore wind turbine manufacturers, Equinor and bp propose to support the establishment of state-of-the-art facilities to manufacture wind turbine components, such as blades and nacelles, in New York State.
  • “Equinor and bp are eager to build on the significant experience gained through our work in New York over the past five years to bring more offshore wind energy to the state,” said Molly Morris, President, Equinor Wind US.

Offshore Wind Innovation Hub Announces Opening in Brooklyn

Retrieved on: 
Tuesday, January 24, 2023
Construction & Property, Alternative Energy, Start-Up, Energy, Professional Services, Urban Planning, Technology, Other Technology, DNA, BP, UFL, NYU Tandon School of Engineering Lynford Lecture Series, Disbursement Acceleration Program, International Disability and Development Consortium, Development, Wind, Interest, Hub, Innovation Hub, NYSERDA, GWS, Ecosystem, Empire Wind, Partnership, NYCEDC, Multimedia, Community, Economic development, New York State Energy Research and Development Authority, Data collection, New York City Economic Development Corporation, Renewable energy, Equinor, Engineering

The Offshore Wind Innovation Hub (OWIH) is open for business and announced its first call for applications.

Key Points: 
  • The Offshore Wind Innovation Hub (OWIH) is open for business and announced its first call for applications.
  • The Brooklyn-based Hub was founded in mid-2022 to identify and help develop promising start-ups to drive new innovations in the offshore wind industry.
  • “We’re thrilled to launch the Accelerator Program at our Offshore Wind Innovation Hub with our esteemed partners to accelerate innovation in New York’s burgeoning offshore wind industry,” said Molly Morris, President of Equinor Wind US.
  • The Offshore Wind Innovation Hub will also offer membership to stakeholders outside the Accelerator Program.

ThayerMahan Protects Subsea Cables

Retrieved on: 
Thursday, February 2, 2023
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GROTON, Conn., Feb. 2, 2023 /PRNewswire/ -- Connecticut-based ThayerMahan, Inc, a world leader in autonomous maritime solutions, demonstrated that its SeaScout system can detect damage to export and transmission cables that carry power from offshore wind turbines to the onshore power making it possible to identify cable damage prior to failure.

Key Points: 
  • ThayerMahan teamed with OceanIQ , part of the Global Marine Group to analyze a database of cable failures and determine primary cable failure modalities.
  • As part of the study, ThayerMahan acquired bona fide wind farm cables and simulated each of the failure modalities.
  • Gail Clark, Managing Director of OceanIQ said "ThayerMahan's demonstrated capability will be a game changer for subsea power cable maintenance.
  • "  Niko joined ThayerMahan as an intern in 2020, graduated from Connecticut College in 2021, signed on as a full-time ThayerMahan team member, and presented project findings at the National Offshore Wind R&D Symposium in 2022.

The Carbon to Value Initiative announces Year 3 of the Initiative's Carbontech Accelerator Program

Retrieved on: 
Tuesday, January 31, 2023
NRG, Ecosystem, Carbon dioxide removal, Interim, Fraunhofer Society, Software, TRL, CO, Economic development, CFO, NYU Tandon School of Engineering Lynford Lecture Series, UFL, CLC, New York University Tandon School of Engineering, Tandon, CDR, NYSERDA, Government, Partnership, Development, Consulate, CO2, New York State Energy Research and Development Authority, Insurance, Carbon capture, W3C Markup Validation Service, Incubator, Climate change, Fraunhofer, Consulate General of Canada, Boston, Enabling, CRH, Technology readiness level, Organization, XPRIZE, Climate change mitigation, SAF, Initiative, C2V, MRV, Pharmaceutical industry, Renewable energy, Management, Unilever

SOMERVILLE, Mass, HOUSTON and NEW YORK CITY, Jan. 31, 2023 /PRNewswire/ -- The Carbon to Value Initiative (C2V Initiative) and its Carbontech Leadership Council (CLC), enthusiastically announce the third year of the C2V Initiative's world-class carbontech accelerator program. The program, supported by the New York State Energy Research and Development Authority (NYSERDA), aims to foster a thriving community of industry leaders and entrepreneurs focused on both reducing harmful carbon dioxide (CO₂) emissions and spurring economic development. Given the gigaton-scale need for CO₂ removal, carbon management is increasingly recognized as a vital tool in keeping global temperatures from rising 1.5°C above pre-industrial levels.

Key Points: 
  • The accelerator program, focused on promoting startup-corporate collaboration, is seeking applications from innovative startups with carbontech solutions
    SOMERVILLE, Mass, HOUSTON and NEW YORK CITY, Jan. 31, 2023 /PRNewswire/ -- The Carbon to Value Initiative (C2V Initiative) and its Carbontech Leadership Council (CLC), enthusiastically announce the third year of the C2V Initiative's world-class carbontech accelerator program.
  • The C2V Initiative, the CLC, and NYSERDA are welcoming applications from startups developing carbontech solutions for the accelerator's third cohort.
  • More specifically, the program collaborators are interested in carbontech innovations that are related to the following categories:
    Carbon Capture, such as atmospheric (e.g.
  • Thanks to NYSERDA's partnership and leadership, the C2V Initiative is able to meaningfully continue to grow a new carbontech industry."

Community Offshore Wind Submits Proposal for New York's Offshore Wind Solicitation, Committing Over $3 Billion Economic Benefit to the State

Retrieved on: 
Thursday, January 26, 2023
Climate Leadership and Community Protection Act, Support, Economic development, Workforce, Holiday, Partnership, Personal protective equipment, Face, Minority business enterprise, Hudson Valley, RWE, Farmingdale State College, Dean (education), Climate, YMCA of the USA, GE, Sale, State, MWBE, Electricity, Farm, NYSERDA, Wind, Development, Innovation, Meal, General Electric, Investment, Garbage, National Grid, National Grid plc, Earth, New York State Energy Research and Development Authority, NGV, Community, Parent, Carbon, Construction, Renewable energy, New Yorker, United Way

NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Community Offshore Wind, a joint venture between RWE Renewables and National Grid, today submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to provide New York State with clean energy from 1.3 GW of offshore wind capacity to power nearly 500,000 homes. The bid submission was in response to the State's third competitive offshore wind solicitation, adding to their current portfolio of five offshore wind projects. NYSERDA is expected to announce the winning clean energy suppliers in early spring 2023.

Key Points: 
  • The bid submission was in response to the State's third competitive offshore wind solicitation , adding to their current portfolio of five offshore wind projects.
  • Community Offshore Wind is providing $10 million in childcare services to parents who are participating in offshore wind trainings or have offshore wind-related jobs.
  • "The Hudson Valley Economic Development Corporation is excited to help Community Offshore Wind bring a steel fabrication facility to Orange County.
  • Through the generous support of Community Offshore Wind, minority and women-owned businesses can access the offshore wind network.

Rise Light & Power Proposes Nation's First Renewable Repowering of Fossil Generation with Offshore Wind

Retrieved on: 
Tuesday, January 24, 2023
Ravenswood Generating Station, NYCHA, NYISO, Assembly, Health, NAACP, Queens, Partnership, Sierra Club, Plant, Public housing, HVDC, Asthma, HVAC, Climate change, Public, Fund, Atmosphere, Electricity, Hope, Sierra, Environment, Maintenance, NYSERDA, Utility Workers Union of America, Trust for Public Land, Development, Wind, Retirement, Investment, New Yorker, Public land, UWUA, Entrepreneurship, EJ, CDC, PS, Local, New York City Housing Authority, New York State Energy Research and Development Authority, Tree, Community, Just transition, CLCPA, Betty Taylor (community advocate), NYPA, Renewable energy, Rise, Bowling Green (New York City), City

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- At an event attended by dozens of local community leaders, Rise Light & Power, LLC (Rise) today announced a historic proposal in response to New York State's offshore wind solicitation which will be the nation's first renewable repowering of a major fossil-fuel plant with clean power from offshore wind.  By securing an ownership stake in an offshore wind project, Rise Light & Power will be an integral part of an offshore wind proposal to be submitted to the New York State Energy Research and Development Authority (NYSERDA) on Thursday, January 26. The project takes advantage of, and will utilize, existing energy infrastructure at Rise's Long Island City's Ravenswood Generating Station—New York City's largest power generator. The project has strong community support for its goal to transition Ravenswood into a clean energy hub with a mature and cost-effective interconnection of renewable offshore wind energy into New York City.

Key Points: 
  • By securing an ownership stake in an offshore wind project, Rise Light & Power will be an integral part of an offshore wind proposal to be submitted to the New York State Energy Research and Development Authority (NYSERDA) on Thursday, January 26.
  • This proposal to interconnect offshore wind, responsibly transition fossil fuel generation, and build a new operations and maintenance hub has our full support."
  • The renewable repowering of Ravenswood through an offshore wind project is a culmination of years of community and stakeholder engagement.
  • "We've been eagerly awaiting Rise Light & Power's next steps with its Renewable Ravenswood vision and are extremely supportive of their new partnership to bring offshore wind energy here.