New York Invests $3 Million For Clean Energy Business Growth
Nearly $3 Million Awarded to Help Companies Expand Businesses, Commercialize Cutting-Edge Technologies and Create New Economy Jobs in New York.
Governor David A. Paterson today announced the award of $3 million to a variety of projects throughout New York.
The funds will strengthen and support the growth of New York’s clean energy economy by helping 18 Empire State companies commercialize clean energy technologies.
“By helping these small, trailblazing companies achieve the next level of business development, we will continue to solidify New York’s position as a leader in the new economy by focusing on clean energy, and bring New York closer to realizing my ‘45 by 15’ energy efficiency and renewable energy initiative,” Governor Paterson said. “Public partnerships with private industry are absolutely critical to foster our economic growth, and these investments in cutting-edge companies will help these businesses grow and prosper in New York State.”
The funding is provided by the New York State Energy Research and Development Authority (NYSERDA) to help New York businesses increase their access to markets, customers, investors and partners, and build their capacity to serve a new or expanded customer base. The awards, which total up to $200,000 per company and require an equal match from the businesses, will help them create jobs, develop business plans, reach customers in the global marketplace, raise capital and build their business infrastructure. Funds will be provided to companies following development of a formal contract.
NYSERDA President and Chief Executive Officer Francis J. Murray said: “The companies receiving funding today represent a full range of technologies that demonstrate New York’s leadership in the energy field. Their work will help New York reach Governor David Paterson’s ambitious goals for reducing our energy consumption and improving our environment.”
Projects receiving funding include:
Capital Region
- $200,000 for Ener-G-Rotors, Inc., in Schenectady, a manufacturer of generating systems that turn low-temperature heat that is often wasted into electricity for use in a manufacturing process or for sale to the utility grid. The company will use the funds to expand marketing and outreach and is preparing to execute fundraising efforts and establish a manufacturing facility.
- $200,000 for Taconic Energy, Inc., in Saratoga Springs, which developed an additive for petroleum fuels which offers substantial energy, economic, and environmental benefits through improved fuel economy and reduced greenhouse gas emissions. The funds will be used to formulate a marketing plan and to perform market research on the impact of using their additive within multiple vehicle fleets.
- $200,000 for AWS Truewind, LLC, in Albany, one of North American’s leading renewable energy consulting firms. AWS will with the award to finance launching enhancements to its existing consulting services to allow the company to explore new lines of business.
Central New York
- $175,000 for Fulton Companies in Pulaski, a global manufacturer of heat transfer equipment. The company will use the award to manufacture and market biomass boilers of European design, which have higher efficiencies and emit fewer emissions compared to conventional boilers. Successful release of this greener product line will create a new source of revenue and other economic benefits.
- $200,000 for iCone Products, LLC, in Liverpool, which manufactures the iCone, a portable traffic monitoring device that does not require a technician to set up or an IT specialist to monitor. The iCone allows a traffic engineer to monitor and alter traffic control plans of a construction site from a remote location. The award will allow the company to accelerate the commercial demonstration and deployment of iCone technology as a means of reducing traffic congestion, energy consumption, and pollution.
Hudson Valley
- $200,000 for SpectraWatt, Inc., in East Fishkill, a manufacturer of solar photovoltaic cells currently constructing its first manufacturing facility in the area. The award will be used to accelerate sales growth into larger solar-electric generating systems and fill its expanded 60 MW capacity.
- $200,000 for Apex Wind Energy in Patterson, a developer of large-scale wind projects. The company will use the funds explore the potential of expanding renewable energy development at closed landfills. The award will allow the company to evaluate the suitability of the existing designs of landfill-based wind turbine foundations, identify closed landfills with an adequate renewable resource, and develop a detailed business plan for developing the market for wind energy facilities on landfills.
- $11,500 for Windsor Machinery Company, Inc., in Hopewell Junction, to facilitate expansion into the small and micro-hydro sector of the State. The company will develop a website to help potential customers and developers evaluate electricity production potential and likely costs for any given site for the amount of potential hydro-power remaining to be developed on private land.
Long Island/New York City
- $188,000 for GeoEnergy Enterprises, LLC, in Bohemia to develop a shallow-well ground source geothermal heat exchanger system. Demonstrated on Long Island and approved for incentives by the Long Island Power Authority, this hybrid geothermal system is less complicated and less expensive to install and maintain compared to conventional geothermal systems. The award will allow the company to transition from research and development activities to the manufacturing and distribution phase of their business.
- $200,000 for Solar Metrology, LLC, in Holbrook, a designer and manufacturer of photovoltaic cells. The company will use the award to complete the commercialization of three versions of an x-ray fluorescent instrument that will help analyze the stability of residential and commercial solar photovoltaic systems.
- $181,000 for Locus Energy, LLC, in Manhattan, which provides an operations management platform for residential and small commercial renewable energy systems. The award will allow the company to accelerate sales growth by opening new markets for installation, maintenance, and monitoring services for solar-electric systems.
- $25,000 for Rentricity, Inc., in Manhattan, a developer of clean renewable energy using hydrokinetic technology that recovers energy from pressurized municipal water systems. The award will be used to assess the energy recovery potential of the ten largest metropolitan areas in the State.
North Country
- $76,500 for Adirondack Woodsman’s Pellet Company (AWP), LLC, in Long Lake, which will work with timber harvesters and employ sustainable harvest practices as it seeks to start up a wood pellet manufacturing facility in Tupper Lake. The award will allow AWP to develop a business plan enabling them to engage potential investors and become a significant employer in the region.
Southern Tier
- $200,000 for Ioxus, Inc., in Oneonta manufactures ultracapacitors, high-efficiency electronic energy storage devices that can lower the peak-power requirements and extend the life of fuel cells or batteries, and also may temporarily store energy from intermittent renewable energy sources, such as wind and solar. The award will allow the company to launch its high voltage device (HVD), accelerate sales growth, and access new markets.
Western New York
- $114,000 for Electrical Power worX CorpEPX in Alfred, which is currently completing a prototype for an ultracapacitor-based energy storage system for use in an electrified mass transit environment. The company will use its award to develop a business plan and marketing plan to successfully launch the product.
- $200,000 for Ashland Advanced Materials (AAM), LLC, in Niagara Falls, a manufacturer of advanced carbon and graphite products for use within the energy industry. The company will use the funds to develop and implement a detailed marketing and sales plan to expand sales in international markets. The project will create new jobs at AAM’s Niagara Falls headquarters.
- $200,000 for Alternative Fuel Boilers, LLC, in Dunkirk, which has designed and built the EconoBurn wood gasification boiler, an alternative fuel source for residential and commercial heating. Two plants, one in Dunkirk and the other in Brocton, support production and inventory for the EconoBurn product. The award will allow the company to continue to improve its marketability and product availability to the public as well as help train existing and new dealers, collect market research, and increase sales channels.
- $157,500 for Double A Willow in Fredonia, the only licensed nursery for certain fast-growing hybrid varieties of shrub willow, supplies willow cuttings to growers to support biofuel and biomass industries. Substituting the burning of willow biomass for coal for electricity generation purposes reduces greenhouse gas emissions by 6-8 percent. The award will allow Double A Willow to demonstrate that large-scale biomass energy projects can be supported with energy crops grown on underutilized land in an environmentally sustainable manner. Moreover, the project will result in new investment and employment in rural counties.
Senate Majority Conference Leader John L. Sampson said: “Senate Democrats have long supported measures to grow the state’s economy by investing in new technology and clean energy. Under the leadership of Governor Paterson, New York is headed in the right direction and I am confident the companies selected will create jobs and bring clean and efficient energy to New York.”
Assembly Speaker Sheldon Silver said: “With this $3 million investment, New York is encouraging the development of businesses that are geared towards renewable energy and environmental innovation. These funds will benefit more than a dozen businesses located throughout the state that represent an important component of New York’s economic recovery – technology. I thank Governor Paterson and President Murray for working to identify firms right here in New York that offer the promise of growth and advancement in the national and global energy markets.”
Senator Darrel J. Aubertine, Chair of the State Senate Energy and Telecommunications Committee, said: “Building this growing industry of clean energy businesses will create jobs throughout our state, help make New York more energy independent and reduce the impact our energy needs have on the environment. We will improve our state’s economy by helping these growing clean energy businesses whether they are developing technologies to energy efficiency for traditional energy sources or creating new sources of fuel with wood pellets or willow grass. I want to thank the Governor for his leadership in helping us grow this new green economy.”
Assemblyman Kevin Cahill, Chair of the Assembly Energy Committee said: “Innovation is an important part of creating a new energy economy in New York State, but if we are going to succeed, it is critical that we place an equal emphasis on business development to ensure there is a market for our new clean energy products and services. With this latest round of NYSERDA funding, Governor Paterson is capitalizing on New York’s business resources to help these promising companies grow.”
Topics: business, business development, clean energy, clean energy jobs, clean energy technologies, companies, economic growth, Empire States, employment, energy, environment, Governance, green economy, jobs, New York, public partnerships, renewabel energy, U.S., United States
Print This Article in Plain Text
|
|
Latest Headlines
- Osama Bin Laden Dead?
- Florida To Share $1 Billion For Gulf Coast Restoration Efforts
- Texas Prays For Rain During Extreme Drought Conditions
- Governor Christie Takes Action To Reduce Diesel Emissions, Improve Air Quality
- Governor McDonnell Outlines Draft Transportation Improvement Program
- Alaska Energy Bill Passes Legislature
- Illinois State Building Receives ENERGY STAR Award
- Homeland Security Begins Using National Terrorism Advisory System
- U.S. Outlines New Health Insurance Options For Graduating College Students
- Electrolux Expands In North Carolina, To Create 200 Jobs In Charlotte
- Virginia Storm Victims To Receive Tax Extension
- U.S. Expands Broadband Investment For Rural Areas To Accelerate Job Creation
- U.S. To Invest $130 Million For Advanced Energy Research
- Michigan Passes “I’m Sorry” Bill
- Kentucky Sells Two State Aircraft To Save Taxpayer Dollars
