The New York State Energy Research and Development Authority (NYSERDA) has launched an Investor Advisory Board to accelerate the state’s clean energy transition.
The 10-member board has been tasked with accelerating research, development and adoption of new technologies and to provide broader exposure for emerging companies to the investment community.
For instance, the board will:
- Develop long-term strategic plans and increase near-term programmatic impact to accelerate the pace of clean energy innovation
- Share best practices about due diligence, portfolio management and syndication of deals to help startups to commercialise their solutions
- Promote NYSERDA’s innovation portfolio of programmes and clean energy companies globally
Ther board comprises representatives from early-stage financial and corporate investors including Shell and Clean Energy Venture Group. Click to access the full lists of the board members and investor companies.
The launch is part of efforts by the government to make the state the best place in the world to start and scale a clean energy business.
Alicia Barton, President and CEO, NYSERDA, said, “The expertise of the Investor Advisory Board will ensure New York State is investing in innovative and game-changing technologies, products and services needed to help us reach Governor Cuomo’s nation-leading clean energy and climate goals. New, disruptive technology is critical to hastening our clean energy future and aggressively fighting climate change, and we are proud of the role that NYSERDA plays in cultivating innovative clean energy solutions here in New York.”
Since 2009, NYSERDA’s direct investments across its Innovation portfolio have leveraged $1.1 billion in private capital and $349 million in non-NYSERDA grants.
Overall, NYSERDA is deploying $800 million over 10 years as direct investments and commercialisation support for early-stage ventures.