NY to fund $140m to modernise the grid

New York state aims to provide funding worth around $140 million (£113.4m) in 10 years to projects which help modernise the electricity grid. The New York State Energy Research and […]

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By Jacqueline Echevarria

New York state aims to provide funding worth around $140 million (£113.4m) in 10 years to projects which help modernise the electricity grid.

The New York State Energy Research and Development Authority  (NYSERDA) is initially making $3.5 million (£2.83m) available to firms that develop projects which help integrate renewables into the grid and make it smarter and efficient.

It is seeking proposals from cleantech companies and distributed energy resource providers that have solutions to help the state overcome identified and as-yet-unidentified engineering and technical challenges while modernising the grid.

John B. Rhodes, President and CEO, NYSERDA said: “A critical part of modernising our grid is to make it easier for renewable energy systems to integrate into it. This initiative will provide us with much needed solutions to connect more clean renewable energy sources to the electric grid.”

Renewables will be among the topics to be discussed at Energy Live 2016. Get your tickets here.

There are limited free tickets for university students and energy end users.