Energy Central News

Curated power industry news from thousands of top sources.


New York unveils $6m co-investment fund to support emerging clean energy firms

  • Feb 4, 2020
Business and Financial Times

New York has announced a new $6 million (4.6m) Co-Investment Fund that will support emerging clean energy companies.

Under the fund, financing is being made available for green companies seeking to match investments from New York State Energy Research & Development Authority (NYSERDA)-qualified investors.

Eligible firms must be based in New York, or if outside the state, must show a demonstrated benefit to the state.

NYSERDA has already qualified 18 investors so far, including Clean Energy Ventures, Greenbacker Labs, Marubeni America Corporation and Urban Us.

Other investors interested in becoming qualified for the Co-Investment Fund can apply to do so.

Alicia Barton, President and CEO, NYSERDA, said: Emerging cleantech companies are the foundation of New Yorks clean energy future, making it critical that we continue providing the support and tools they need to succeed.

Investing in new technologies will play an increasingly vital role in our success as Governor Cuomo continues to lead the nation with his ambitious clean energy goals and agenda and NYSERDA is proud to continue its work making investments and matching investors with New Yorks cleantech companies of the future.


No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »