New York’s commitment to clean tech and renewable energy is driving tech manufacturing and reinvigorating the state’s economy – while establishing New York State as a business destination for industry innovators looking to access one of the world’s largest markets.
New York State is committed to a cleaner, greener energy future—leading the U.S. in wind- and clean-technology patents, renewable energy resources, the development of new energy storage products and systems, and biofuel manufacturing and production. To meet a goal of 100% zero-emission electricity by 2040, the state is targeting offshore wind, increased energy storage and greater energy efficiency. This supplements New York’s ongoing efforts to develop and deploy solar, wind, geothermal and other renewable products and systems via established university-industry collaborations and state initiatives supported by the state’s Clean Energy Fund and Green Bank.
In refundable Excelsior Jobs Program Tax Credits, enhanced for green projects
Corporate Income tax rate for qualified manufacturers
Clean energy jobs in New York State in 2022 (NYSERDA)
Acres of shovel-ready sites
for total number of STEM graduates
for reshoring manufacturing jobs
New York State is an offshore wind hub, with the first fully operational, utility-scale offshore wind farm in the U.S. and a mandate of 9,000 megawatts of offshore wind by 2035. A $700 million investment in offshore wind ports, manufacturing and infrastructure will deliver clean energy benefits—from jobs and economic development to savings for consumers.
Since 2011, solar in New York has increased more than 1,500 percent and leveraged nearly $3.5 billion in private investments. These investments have supported nearly 12,000 people engaged in solar jobs across state.
Image Credit: Universal Instruments
Clean energy solutions are being developed throughout the state, including on Long Island – home to Stony Brook University’s Advanced Energy Center (AERTC) and the Brookhaven National Labs – and at the Division of Science, Technology and Innovation’s (NYSTAR) Centers of Excellence and Centers for Advanced Technology, which advance technology and commercialization and encourage industry-university collaborations in developing and applying new technologies.
Energy storage systems are playing a crucial role in New York State’s clean energy future –with $350+ million in state and federal funds accelerating their adoption. New technologies and innovative hubs are being developed and designated throughout the state, including the Southern Tier’s New Energy New York Battery Tech Hub (NENY) and New Energy New York Storage Engine. Companies including Li-Cycle and Plug Power are developing lithium-ion battery materials and green hydrogen fuel cell production facilities in New York.
Image Credit: Binghamton University | State University of New YorkPlug Power's future rightfully revolves around building the green hydrogen economy. We are grateful our home state of New York supports aggressive climate and clean energy initiatives.Andy Marsh, CEO, Plug Power
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