|MEMO OF SUPPORT SENATE BILL 2522 (Maziarz)/ ASSEMBLY BILL 5060 (Englebright)||
The New York Battery and Energy Storage Technology Consortium strongly supports the qualified solar and energy storage manufacturers and operations credit. This proposal will provide a tax credit to eligible companies of 20% on research and development and manufacturing property and a 10% credit for qualified research and development expenses.
|New York Energy Highway Blue Print|
|New York Energy Highway Website|
|NY Green Bank Releases RFP Soliciting Clean Energy Financing Arrangements||
NYS Governor Andrew Cuomo has announced the start of business operations for the New York Green Bank. The goal of the NY Green Bank is to stimulate private sector financing and accelerate the transition to a more cost-effective, resilient and clean energy system.
In commencing its operations, the NY Green Bank released a Request for Proposal (RFP) inviting proposals from private sector capital providers and other clean energy industry participants to propose partnership arrangements with the Green Bank that would facilitate the financing of clean energy projects (including energy generation and energy savings projects) in the State of New York. Proposals are being sought from industry participants and financial institutions in which NY Green Bank participation will facilitate private market financing of renewable energy and energy efficiency projects that have difficulty accessing financing due to market barriers.
The RFP provides details on the eligible investments, eligible financing arrangements, and eligible proposers. Eligible proposers include: energy service companies, developers, equipment manufacturers or others that provide equipment, materials and/or services related to renewable energy and energy efficiency projects along with financial institutions or other third-party capital providers that are financing, or intending to finance, such projects.
Importantly for NY-BEST members, ATTACHMENT B of the RFP entitled, “Illustrative Guidelines for Eligible Investments” includes an illustrative, non-prescriptive and non-exhaustive list of technologies that could be included in proposed project(s). It states that “NY Green Bank may consider supporting financing arrangements that include projects using technologies beyond the scope of Attachment B so long as proposers demonstrate a potential for increased deployment of energy efficiency or renewable energy and/or a potential for greenhouse gas reductions in New York State.” The list of eligible technologies includes, under renewable energy resources, Fuel cells (continuous duty) – natural gas fuel or hydrogen; and under energy efficiency, it includes Load Reduction, thermal and electric energy storage and Demand response programs.
The RFP will remain open and proposals will be evaluated on an ongoing basis. Proposals that meet eligibility guidelines will be evaluated on a rolling submission basis as received. According to the Green Bank, the purpose of an ongoing RFP process is to “ensure all potential partners have an opportunity to propose financing arrangements.”
Last December, Governor Cuomo announced the initial capitalization of $210 million for the NY Green Bank, including $165 million redirected from other clean-energy programs by the New York State Public Service Commission and $45 million from the Regional Greenhouse Gas Initiative. This was the first step in capitalizing the $1 billion NY Green Bank initiative announced by Governor Cuomo in his 2013 State of the State address. For more information about the NY Green Bank, visit their website.
The NY-Sun Initiative brings together and expands existing programs administered by the New York State Energy Research and Development Authority (NYSERDA), Long Island Power Authority (LIPA), and the New York Power Authority (NYPA), to ensure a coordinated, well-funded solar energy expansion plan. Investing $800 million through 2015, the expanded solar program.
|Electrification Coalition Roadmap||The Electrification Coalition released its ‘Electrification Roadmap - Revolutionizing Transportation and Achieving Energy Security’ (11/1/2009)|
|New York Energy Storage Roadmap||
The purpose of this New York Energy Storage Roadmap is to provide a reference document to all stakeholders in the growth of energy storage in New York. Its objective is to identify the state’s specific needs and to recommend potential strategies to meet the challenges of expanding the development, manufacturing and deployment of energy storage in New York. It is intended to enable industry, academic, and government participants to plan ahead as they put in place investments,legislation, business plans, research programs, teaming arrangements and commercial cooperative ventures.
Creation of this roadmap was spearheaded by NY-BEST and was initiated with a workshop held at NY-BEST’s “Capture the Energy 2012” conference in Troy, NY on March 7-8, 2012. A group of 45 experts convened and discussed the development of a statewide roadmap for the energy storage industry. Following the workshop, the present document was developed with support from the contributions and comments of a diverse set of stakeholders in the New York energy storage community.
|New York State Energy Plan||Developed pursuant to Executive Order No. 2 directing the creation of a State Energy Plan. (4/12/2010)|
|Task Force on Diversifying the New York State Economy through Industry-Higher Education Partnerships Final Report||This report recommends policy and practice changes to support collaboration between industry, higher education institutions and venture capital funding in New York State. The section on State Practices notes NYSERDA and NYSTAR as part of New York's leadership in government-led technology innovation and specifically identifies NY-BEST as a part of this leadership. (12/14/2009)|