NYSERDA Announces $10 Million for Industrial Energy Efficiency
Funding supports clean energy projects at large and medium-size industrial facilities
ALBANY, N.Y. — The New York State Energy Research and Development Authority (NYSERDA) has announced $10 million in funding for two new clean energy initiatives to support energy efficiency and reduce costs at industrial and manufacturing facilities. The On-Site Energy Manager and Strategic Energy Management initiatives are designed to improve business performance and operations of participating facilities while reducing greenhouse gas emissions.
The two initiatives support cutting-edge energy management in New York’s industrial and manufacturing base, which accounts for 7.4 percent of total energy use in the state. As energy is one of the largest operational costs for manufacturers, investing in process and energy efficiency improvements will lower costs and improve overall competitiveness. Facilities that participate in NYSERDA’s On-Site Energy Manager and Strategic Energy Management initiatives are expected to save a total of $12.9 million annually through recommended efficiency measures.