Governor Andrew M. Cuomo announced funding awarded to companies working on new technologies in battery and energy storage. Business Council members Cornell University, Rensselaer Polytechnic Institute, Finch Paper and Con Edison were included in the announcement.
Funding is provided through the New York State Energy Research and Development Authority (NYSERDA) and New York Battery and Energy Storage Technology (NY-BEST) Consortium Bench-to-Prototype solicitation.
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 was created in 2010 with a $25 million grant from state government to position New York state as a global leader in energy storage technology, including applications in grid storage and heavy-duty transportation.
Eligible technologies include energy storage technologies that utilize electrical or electrochemical processes and include batteries, ultracapacitors, fuel cells and related components that integrate these technologies into complete systems. This is the third of six rounds of NYSERDA funding to help members of NY-BEST move promising technologies toward commercialization.