The New York State Energy Research and Development Authority (NYSERDA) announced $10 million in funding towards the Commercial and Industrial Carbon Challenge pilot programme.
The pilot will provide funds to clean energy projects in a bid to reduce carbon emissions for industrial and commercial buildings throughout the state.
NYSERDA will through the pilot provide projects with funds ranging from $2 million up to $5 million.
The funds will be issued to implement clean energy projects in buildings with an average annual energy demand of 10MW and above. The projects will include energy efficiency or distributed energy resources in colleges, universities, health care facilities, office buildings and manufacturing plants.
Projects wanting to receive the funding are submitting their proposals on NYSERDA’s website until July 10. The proposals must include a three-year carbon emission reduction target and a road-map on how to achieve the target.
The pilot will help NYSERDA to understand which type of project funding model is cost effective and will help reduce carbon emissions, flexible uses of funding or traditional state supported programmes.
The trial project is expected to help the state to achieve its carbon emission reduction target of 40%.
Alicia Barton, president and CEO, NYSERDA said, “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.
“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% of the state’s total carbon emissions.