About New York State Energy Research and Development Authority (NYSERDA)

New York State Energy Research and Development Authority (NYSERDA) is a public benefit corporation created in 1975 under Article 8, Title 9 of the State Public Authorities Law through the reconstitution of the New York State Atomic and Space Development Authority. NYSERDA''s aim is to help New York meet its energy goals: reducing energy consumption, promoting the use of renewable energy sources, and protecting the environment. NYSERDA strives to facilitate change through the widespread development and use of innovative technologies to improve the State's energy, economic, and environmental well-being. NYSERDA is governed by a board consisting of 13 members which include various state departments and agencies. NYSERDA provides grants and investment through its Economic Development Unit, as part of the Marketing & Economic Development Department. This group particularly focuses on improving the State's business climate through strategic partnerships and investments in in emerging technologies, energy efficiency, and environmental protection for the purpose of increasing the efficient use of energy, reducing operating costs, and increasing overall profitability.NYSERDA will provide financial and technical assistance to companies concerned with energy efficiency and environmental-stewardship; innovative product development; product commercialization plans; and other business assistance for the purpose of business retention, growth, and relocation to New York State.NYSERDA's Economic Development Unit works to identify quality projects that fit within the scope of the organization's mission, and encourages support and participation in NYSERDA program offerings. NYSERDA is particularly focused on three strategic goals for its initiatives. These include:(1) To promote the value of NYSERDAs programs as an economic development tool working with state and regional organizations and associations to promote business growth, attraction and retention.(2) Work with the regional and state economic development partners to encourage growth of the renewable and green energy industry in New York State.(3) Coordinate and manage the activities of the Energy $mart Communities Program to promote widespread marketing, outreach and education efforts to promote NYSERDA program areas.