Latest Clean Technology News

New York State is an emerging leader in the clean technology industry through the creation of innovative incentives that attract the best clean energy businesses and continued development of one of the world’s most educated and productive workforces.
 
New York is proud to be the home of many world-class clean technology companies, including:

• Applied Materials
• GE
• Globe Specialty Metals
• Guardian Glass
• IBM
• Mascoma
• Prism Solar
• SpectraWatt

Highlights
New York State has the most aggressive Renewable Portfolio Standard (RPS) in the U.S., mandating that 25% of the State’s energy be derived from renewable sources by the year 2013.  To meet this goal, utilities such as the Long Island Power Authority and the New York Power Authority are issuing Requests for Proposals (RFPs) for hundreds of megawatts of clean energy from solar panels and offshore wind turbines in New York’s Great Lakes.
 
New York State also has the only silicon incentive in the U.S., offering solar grade silicon from Globe Specialty Metals to solar cell manufacturers that locate in-state.  SpectraWatt—a spin-off company of Intel Corporation—is the first solar company to take advantage of this opportunity by choosing to locate their manufacturing expansion in New York’s Mid-Hudson region.
 
Wind energy is another clean technology area that has a strong presence in New York State both in terms of technology development and product deployment. GE’s Wind Power business, which develops wind technology, is co-located with their Energy business operations in Schenectady. One of the largest wind farms east of the Mississippi River—Maple Ridge—is located in New York off the Great Lakes and is capable of producing 320MW of clean renewable energy.
 
Mascoma, a leader in cellulosic ethanol, recently located a research and pilot facility in Rome, New York. If successful, their cellulosic ethanol technology could reduce greenhouse gas emissions over traditional ethanol production by as much as 85%.
 
Additionally, in 2008, Governor Paterson introduced the Solar & Wind Net Metering Bill, which is landmark energy legislation that will authorize increased development of renewable energy with a process called net metering. Net metering allows electricity customers with qualified renewable energy systems to sell excess electricity back to their local utility. The bill will significantly expand New York State’s net metering law and lead to greater investment by homeowners, farms and businesses in facilities that generate energy from clean renewable sources. By increasing market demand for renewable technologies, the bill will also attract renewable energy manufacturers and installers to New York State. The bill will significantly expand net metering in three areas of renewable energy – solar, wind and farm waste.
 
 
Tax Advantages
Emerging Technologies – New York State has enacted various tax incentives for Qualified Emerging Technology Companies (QETCs). 

ESD Industry Contact
Adam Tkaczuk
(518) 292-5200
 
 
Additional Resources
NYPA Economic Development Programs
 

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