New York funds £10m to help clean energy startups

New York Governor Andrew M. Cuomo has announced a $10 million (£8.2m) investment to provide incubator services to early-stage clean energy companies. The money will support new and existing incubators […]

Register now!

By Jacqueline Echevarria

New York Governor Andrew M. Cuomo has announced a $10 million (£8.2m) investment to provide incubator services to early-stage clean energy companies.

The money will support new and existing incubators that help emerging clean energy companies grow and succeed.

These state-sponsored incubators will assist startups by connecting them with investors, development partners and mentors to help guide them into the next phase of expansion.

Mr Cuomo hopes the technologies developed by these growing clean energy companies will help the state meet its commitment to generate 50% of renewable power by 2030.

He said: “New York is leading the way in investing in our state’s clean energy future by supporting small companies with big, innovative ideas that will reduce our carbon footprint and create jobs. This programme is one more step towards a cleaner, greener, more prosperous New York for all.”

Investment in clean technologies will be among the topics discussed at Energy Live 2016 on November the 3rd in London.

There are limited free tickets for energy end users.