Albany, New York - Governor Andrew M. Cuomo today announced that $1.4 million has been awarded to six companies working on new technologies in battery and energy storage, which will help develop working prototypes that demonstrate the ability of these advanced energy storage systems to harden the state's electric grid and diversify transportation fuels. Funding will help leverage a total private investment of $2 million.
The funding will help to transition new energy storage technologies with proven technical feasibility to a working prototype. A working prototype is an essential step along the product commercialization path and increases a company’s opportunity to attract additional investment.
“Investing in New York’s cleantech economy will revolutionize the way we store and transfer energy while creating jobs and supporting our state’s clean energy businesses,” Governor Cuomo said. “This funding will help to create new opportunities for manufacturers and researchers around the state to commercialize their products, help the environment by reducing energy use, and ultimately continue to grow our state’s green economy.”
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-
