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New York City's dense urban environment, robust public transit system, and extensive parks network already make it one of the most sustainable cities in the US and the world.
Combined with the nation’s largest metropolitan market, progressive local policy leadership, world class institutions, and a growing leadership in 21st century technology innovations, New York City is an ideal location for green and clean technology companies to locate, do business, and grow.
In 2011, NYCEDC launched Green NYC 2025, an ongoing initiative to identify opportunities and actions to support innovation in New York City’s rapidly emerging green and clean technology sectors. By taking advantage of New York City's depth of assets, the City's leadership in sustainability policy and the strength of the local technology sector, NYCEDC promotes the growth of local green and cleantech companies and supports job creation.
To learn more about NYCEDC’s vision for New York City’s green and cleantech sectors, please read Green NYC 2025 – Opportunities in Cleantech’s Digital Evolution.
RISE : NYC is a global competition to identify new and innovative technologies that can help make NYC small businesses more resilient. Up to $30 million is available to fund the installation of technologies at local small businesses that sustained significant losses as a result of Hurricane Sandy or are most vulnerable to future storms, sea level rise, and other effects of climate change. RISE : NYC technologies will improve the resiliency of building systems, energy infrastructure, and telecommunication networks, thereby minimizing the impact of storm damage, outages, and service interruptions on local small businesses.
Local, national, and international technology providers were invited to apply in January 2014. The Stage 1 application period closed on March 14, 2014. After reviewing Stage 1 applications, NYCEDC has invited 37 applicants to compete in the competition's final stage. RISE : NYC finalists represent a highly competitive group of some of the most creative and innovative technologies from around the world. NYCEDC expects to announce the winning RISE : NYC projects in 2014.
For more information and updates, please visit www.rise-nyc.com.
NYCEDC fosters diversification of the New York City economy by supporting entrepreneurship and innovation in the clean technology and energy industry.
In June 2013, NYCEDC announced plans to launch the Urban Future Lab, a clean technology entrepreneur center to assist cleantech and energy entrepreneurs with the unique challenges they face in starting and growing early-stage companies in New York City. Urban Future Lab, a partnership with the NYU School of Engineering, will concentrate activities and services in order to further develop collaboration, innovation, commercialization, and entrepreneurship in New York City.
NYCEDC and NYU launched the Urban Future Lab in March 2014.
Located at 15 MetroTech in Downtown Brooklyn, Urban Future Lab is devoted to three primary functions:
For more information, please view the Urban Future Lab page.
As a member of the NYC Solar America City Partnership with Sustainable CUNY and the Mayor's Office, NYCEDC has helped solar energy in New York City grow by over 800% in the past five years, making solar a competitive renewable energy source. Through continued support from the US Department of Energy's SunShot Initiative, the City will implement innovative methods to remove the barriers to growth of the solar energy industry in New York City.
With funding from the US Department of Energy, NYC's Solar America City Partnership has established five Solar Empowerment Zones, areas where installing solar photovoltaic (PV) energy systems would yield the greatest benefits. To encourage installation in these zones, special benefits and support are available to those who install solar PV. Additionally, the NYC Solar Map is a free, interactive tool available to help all New Yorkers understand the potential for solar energy anywhere in the city.
In late 2011, New York City was awarded up to $3.4 million through the US Department of Energy's SunShot Initiative, a national effort with the goal of making solar energy cost competitive with traditional energy sources by the end of the decade. With support and additional funding from NYCEDC, the NYC Solar America Cities Partnership has developed a plan to shorten the permit application time for solar installations. Through cooperation between Con Edison and multiple city and state agencies, the "100 Days of Solar" initiative will pilot innovative tracking software designed to streamline the permitting process, both speeding up solar adoption in NYC and reducing the "soft costs" of installation.
Through funding and hosting a variety of demonstration projects, NYCEDC is developing best practices for overcoming the unique barriers to clean technology deployment in New York City.
To demonstrate the viability of innovative energy management solutions to the private sector, NYCEDC has partnered with Con Edison to develop a Smart Grid installation at the Brooklyn Army Terminal in Sunset Park. The project integrates three main components: (1) a 100 kilowatt solar PV system, (2) a building management system and (3) a battery for on-site energy storage. Funded in part by a grant from the US Department of Energy, the system demonstrates the benefits of on-site renewable energy generation coupled with energy storage and management systems to reduce peak demand energy use.
Learn more about the Smart Grid Demonstration at GridMarket.com.
In 2009, NYCEDC launched the Solar Thermal Grant Pilot Program to provide financial assistance to City-based building owners interested in installing solar thermal systems. The program’s goals were two-fold: to drive economic growth in New York City and to contribute to the City’s comprehensive clean energy efforts. Four systems were installed under the Solar Thermal Grant Pilot Program. NYCEDC studied the performance of these systems in order to better understand the financial, technical and regulatory barriers. The Solar Thermal Grant Pilot Program provided a framework to analyze these constraints and to develop best practices that will foster a sustainable and robust marketplace for solar thermal systems in New York City.
Visit the Solar Thermal Pilot Program page for more details.
NYCEDC offers information about a variety of New York City equity, financing, and incentives programs designed to help businesses thrive.
In August 2012, the property tax abatement offered in New York City for the installation of solar PV systems was extended through 2014 at a level of 10% of total capital costs. The continuation of this key incentive will continue to promote growth of solar deployment in New York City.
This property tax abatement also applies to green roof installations. Under this program, eligible green roof installations will receive a one-time property tax abatement equal to $4.50 per square foot up to $100,000.
For more information on both programs, please visit the New York City Department of Buildings Tax Abatement website or email GreenRoofandSolar@buildings.nyc.gov.