technology incubators
Image credit: Stock

The New York Power Authority (NYPA) and the New York University Tandon School of Engineering Urban Future Lab will recruit and support startups in the electric vehicles and energy storage sectors.

The two will, through the launched programme NYPA Innovation Challenge, help startups to pilot their technologies to spur innovation.

For instance, startups will be encouraged to come up with new EV technologies and their related infrastructure as well as develop long duration energy storage systems of up to 6 hours.

Participating startups will be connected with additional public and private partners with expertise in innovation, energy efficiency and clean energy generation. For instance,  with large utilities to reduce consumer energy bills and enhance grid reliability.

The aim is to advance the Green New Deal, an initiative launched by Governor Cuomo to accelerate the clean energy industry through workforce development and technology adoption.

An increase in competition and innovation in the clean energy technology industries is expected to help New York to expand its portfolio of distributed and renewable energy resources to combat climate change.

New York has set a target to deploy 3,000MW of energy storage by 2030 and increasing the number of zero-emission vehicles to 800,000 by 2025, representing nearly one out of every ten vehicles on the road.

The project also supports the state’s $250 million EVolveNY initiative that encourages an increase in EV uptake to reduce greenhouse gas emissions by 40% by 2030 based on 1990 levels.

 “As a national leader in the clean energy economy, New York State is working to stimulate growth that will generate jobs and economic opportunities, while achieving a healthier environment,” said Governor Cuomo. “This new innovative partnership will recruit and support a new wave of entrepreneurs who have the knowledge and expertise needed to develop new technologies with utilities and help us build a cleaner, greener New York for generations to come.”

Startups will be selected to participate in the programme based on their ability to save money, improve safety or operations, reduce maintenance, improve efficiency or save manpower or time.

Interested startups may register here after May 1 to receive the call for proposals. The deadline is June 15 and winners will be announced July 15.