The New York State Energy Research and Development Authority (NYSERDA) will administer a new competition this fall to support “innovative resiliency” and clean-energy projects across the state.
The $40 million NY Prize competition challenges New York businesses, entrepreneurs, and electric utilities to design and implement community-based microgrids, which seek to offer energy independence, along with local power generation and distribution.
The competition aims to “inspire a new generation of local power,” Gov. Andrew Cuomo’s office said in a news release announcing the competition.
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The NY Prize Competition will work with the private sector to spur new business models and community partnerships to increase reliability and reduce costs for consumers. The state has posted information about the program at the NY Prize website at www.nyserda.ny.gov/ny-prize
Contact Reinhardt at ereinhardt@cnybj.com
