Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTApril 13 (Renewables Now) - The US state of New York will disburse USD 16 million (EUR 14.6m) in two cleantech accelerator programmes that seek to support the growth of clean energy companies, the New York State Energy Research and Development Authority (NYSERDA) said on Thursday.
Projects covering renewable electricity and fuels, energy storage and fuel cells, clean transportation, smart grids, advanced buildings, and industrial energy efficiency can participate. The financing, including seed funds, will be distributed through two separate initiatives.
The first cleantech accelerator will be administered by Rochester-based start-up incubator NextCorps and will receive USD 10 million over five years to support early-stage entrepreneurs. The initiative will create a statewide advisory network that will back new startups with the launch of their products.
The other programme will be run by the New Energy Nexus not-for-profit accelerator, getting USD 6 million over 30 months to assist existing companies with scaling up their commercialised products.
These plans come in line with New York’s goal to cut by 85% its carbon dioxide (CO2) emissions by 2050.
"The accelerators send a strong signal to entrepreneurs and companies that think outside the box -- New York State is here to help energy innovators grow and thrive as we build stronger, cleaner communities to benefit all New Yorkers, especially now, as we look ahead to jump-starting the economy following the COVID-19 pause," said Alicia Barton, NYSERDA’s president and CEO.
(USD 1.0 = EUR 0.914)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST