Commercial, Energy Efficiency, Energy Storage, GHG Emissions - May 16, 2024
NYSERDA Funds Commercial and Industrial Carbon Challenge
The New York State Energy Research and Development Authority (NYSERDA) announced the sixth round of the Commercial and Industrial (C&I) Carbon Challenge.
NYSERDA will make $10 million available as part of Round XIV of NY Governor Kathy Hochul’s Regional Economic Development Council (REDC) initiative.
The C&I Carbon Challenge will increase decarbonization by lowering carbon emissions at commercial and industrial businesses and institutions.
“Building a better New York means continuing to fight climate change, and this funding opportunity is another demonstration of our commitment to transforming how we can better design, operate, and power our buildings and industrial facilities statewide,” said Doreen M. Harris, President and CEO, NYSERDA, in a statement. “With the launch of this sixth round, the C&I Carbon Challenge will continue to provide large, non-residential energy users with resources to unlock deep decarbonization opportunities while reducing their carbon footprint and managing energy costs.”
The C&I Carbon Challenge provides funding to large energy users to implement cost-effective clean energy projects that reduce carbon emissions. The eligible businesses and institutions include manufacturers, colleges, universities, health care facilities and office building owners in New York State, as well as decarbonization solution providers working with these entities.
The proposals can use a combination of energy or manufacturing process efficiency strategies, carbon capture technology, renewable generation or energy storage.
Projects that lower emissions are eligible, with a focus on those that electrify buildings or manufacturing equipment, capture GHG emissions, reduce industrial thermal process emissions, and/or make operational and technical changes that reduce industrial process emissions.
NYSERDA will provide awards ranging from $500,000 to $3.75 million to partially offset clean energy project costs for the largest commercial and industrial energy users.
A project portfolio will need to lower at least 25,000 metric tons of carbon dioxide equivalent (mtCO2e) over the lifetime of the projects to be eligible. The deadline to apply through the State's Consolidated Funding Application (CFA) is July 31, 2024.
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