NYSERDA

The New York State Energy Research and Development Authority (NYSERDA) is a public benefit corporation established in 1975, headquartered in Albany, New York, with regional offices in New York City, Buffalo, and West Valley. The firm provides objective analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, use renewable energy, and reduce reliance on fossil fuels. The authority administers market development, innovation, and research programs funded through the Clean Energy Fund, a ten-year, USD 5 billion resource supported primarily by assessments on gas and electric ratepayers. Key initiatives include the NY Green Bank (a USD 1 billion clean energy financing program), the Regional Greenhouse Gas Initiative, NY-Sun, Charge NY, and the development of 9,000 megawatts of offshore wind energy by 2035. The firm is governed by a 13-member board and plays a central role in implementing New York's Climate Leadership and Community Protection Act.