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CONTACT: April 29, 2013
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NYSERDA Awards $1.4 Million to Six NY-BEST Members to Develop Advanced Energy Storage TechnologiesProjects to Add Jobs, Improve Technology and Develop Prototypes With New Forms of Batteries, Ultracapacitors, Fuel Cells and Related Technology |
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The New York State Energy Research and Development Authority (NYSERDA) awarded a total of $1.4 million to six companies engaged in researching and developing energy storage systems. Funding recipients are all members of the NY Battery and Energy Storage Technology (NY-BEST) Consortium. Projects will add resiliency to the electric grid or provide increased energy efficiency to such products as hybrid cars, fuel cells or electronic devices. The companies, located throughout New York State, will use the funding to turn energy storage technologies with proven technical feasibility into working prototypes. A working prototype is an essential step along the product commercialization path and increases a company’s ability to attract additional investment. “As Governor Cuomo continues to increase the resiliency of the state’s infrastructure against extreme weather, energy storage projects of all sizes will play a vital role in helping us to do this using energy in the most efficient and reliable manner,” said Francis J. Murray Jr., President and CEO, NYSERDA. “NYSERDA is pleased to invest in these six partners and promote the next generation of energy storage technologies.” Under the terms of these awards, each recipient must match NYSERDA’s funding, leveraging NYSERDA’s $1.4 million with a total of $2.2 million in additional private investment. This is the second of three rounds of funding to help members of NY-BEST move promising technologies toward commercialization. NY-BEST is an industry-focused coalition working to establish New York as a global leader in energy storage technology for heavy-duty transportation, electric grid and other storage applications. “NY-BEST members are performing world-leading research to commercialize new technologies that will benefit New Yorkers. Energy storage technologies produce economic, energy and environmental benefits and New York’s energy storage industry is continuing to grow and thrive,” said Dr. William Acker, Executive Director of NY-BEST. “We applaud NYSERDA’s continued commitment to the energy storage sector.”
Projects include:
For more information about NYSERDA, please visit nyserda.ny.gov.
NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise and funding to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce their reliance on fossil fuels. NYSERDA professionals work to protect our environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York since 1975. |
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