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NYSERDA offering $14.5 million for projects that reduce greenhouse gas emissions at power plants

Posted 1/5/15

The New York State Energy Research and Development Authority (NYSERDA) is offering $14.5 million for projects that demonstrate reduction of greenhouse gas emissions at power plants through the use of …

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NYSERDA offering $14.5 million for projects that reduce greenhouse gas emissions at power plants

Posted

The New York State Energy Research and Development Authority (NYSERDA) is offering $14.5 million for projects that demonstrate reduction of greenhouse gas emissions at power plants through the use of market-ready technologies.

Examples of eligible technologies include advanced controls for plants, boiler controls, advanced burners, turbine retrofits, waste-heat recovery, or in-facility electrical load reduction and efficiency improvements. Under-utilized technologies, as well as proven new and advanced technologies, are encouraged.

“These types of investments support Governor Cuomo’s Reforming the Energy Vision initiative, reduce the environmental impact of energy production and position the State as a leader in the clean energy economy," said John B. Rhodes, NYSERDA President and CEO. "Reducing the amount of pollutants in the atmosphere is vitally important as we continue to build a cleaner, healthier and more sustainable New York State.”

Under this new pilot program, up to $2 million will be available per project. As part of the criteria for funding, all projects must be replicable as part of the effort to promote similar cleaner energy delivery projects across New York and support the growth of these market-ready technologies.

Power plant proposers must demonstrate sustained greenhouse gas reductions upon completion of the project. Project results will be disseminated among the power generation sector in New York State for possible replication.

Projects will be evaluated against a set of criteria that includes total tons of carbon dioxide (CO2) reduced, cost per ton of CO2 reduced, duration of CO2 reduction and technical merit/replicability of the project. For more information, please visit http://nyserda.ny.gov/powergentech.

Funding for this program is made possible through the Regional Greenhouse Gas Initiative (RGGI). RGGI is the first innovative market-based mechanism in the United States to cap and cost-effectively reduce the carbon dioxide emissions from the power sector that are contributing to global climate change. RGGI was the world’s first program to auction the emission credits (rather than give them away for free) and invest the auction proceeds in projects that conserve energy, save consumers money and support the transition to cleaner and more efficient production of electricity.