NYSERDA
NYSERDA is a New York State public benefit corporation that administers clean energy programs across solar, offshore wind, EVs, building decarbonization, and workforce development for homeowners, businesses, municipalities, schools, developers, and contractors throughout New York State.
- Company typePrivate
- Founded1975
- HeadquartersAlbany, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What NYSERDA does
NYSERDA (New York State Energy Research and Development Authority) is a New York State public benefit corporation established in 1975, headquartered in Albany, NY, with 251-500 employees. Its functional mandate is to administer New York's clean energy programs and implement the Climate Leadership and Community Protection Act by channeling state appropriations, utility Systems Benefit Charge revenue, and federal grants (IRA, IIJA) into incentives, rebates, grants, and technical assistance. NYSERDA does not sell products; it operates as a program administration platform distributing roughly $500M+ in newly committed incentives in 2025-2026 across solar (NY-Sun), offshore wind, energy storage, electric vehicles (Drive Clean Rebate, Charge Ready NY 2.0, NYTVIP, NEVI, Electric School Buses), building decarbonization (NextGen Buildings, AMP Up, Empire Building Challenge, Large-Scale Thermal), workforce development, and clean hydrogen R&D.
NYSERDA serves a diversified customer base spanning New York State homeowners, businesses, municipalities, school districts, hospitals, clean energy developers, contractors, and fleet operators, reaching them through a multi-channel distribution network that includes direct portal applications, Joint Utilities partnerships (Con Edison, National Grid, NYSEG, RG&E, Orange & Rockland, Central Hudson), Regional Clean Energy Hubs, qualified contractor networks, and state/municipal government channels. Named beneficiaries include GVC (45 electric school buses), Stony Brook University (hydrogen generator R&D), Alfred University (power grid lab), 420 Beekman Hill co-op (all-electric retrofit), and municipalities such as City of Beacon, Ulster County, Hyde Park Central School District, and Village of Union Springs.
The business model is essentially fiscal intermediation: NYSERDA collects ratepayer and state funds, designs competitive solicitations and rebate structures (e.g., $3,000 per Level 2 EV charging port, $50,000-$285,000 per medium/heavy-duty ZEV voucher, up to $5M per hospital under Empire Building Challenge), and disburses them against program eligibility criteria. Notable program-level metrics include 228,000+ Drive Clean Rebates issued since 2017, 5.6 million RECs distributed, 6 GW of solar capacity achieved (fall 2024), 184,000 clean energy sector workers statewide at end of 2024, and an additional $320M in workforce development commitments. NYSERDA's CEO Doreen M. Harris also chairs the New York State Energy Planning Board, embedding the organization in regulatory strategy rather than purely program execution.
NYSERDA firmographics
Firmographics- Name
- NYSERDA
- Legal name
- New York State Energy Research and Development Authority
- Website
- https://nyserda.ny.gov
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- NYSERDA is a New York State public benefit corporation that administers clean energy programs across solar, offshore wind, EVs, building decarbonization, and workforce development for homeowners, businesses, municipalities, schools, developers, and contractors throughout New York State.
- Ownership category
- akta.pro rank
NYSERDA industry classification
Industry- Product category
- State Clean Energy Programs and Incentives
- NAICS
- Administration of Environmental Quality Programs (9241), Solar Electric Power Generation (221114), Administration of Conservation Programs (924120)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Climate Change Mitigation, Adaptation & Resilience Programs (BPAIAMAD)
- akta.pro secondary industries
- Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE), Resilience & Backup Power Solutions (Critical Facilities, Islanding) (EUAMAJAK), Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD)
Keywords
Where NYSERDA is headquartered
LocationHeadquarters
- HQ city
- Albany
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
NYSERDA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Others, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Clean Energy Fund / Ratepayer Funding: NYSERDA is funded through ratepayer charges collected via utility bills (Systems Benefit Charge), state appropriations, and federal grants. The organization uses these funds to administer clean energy programs and incentives rather than generating revenue from product sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One-time | Charge Ready NY 2.0 Rebates: $3,000 per charging port for workplaces, multifamily and hotels; additional $1,000 for properties in Disadvantaged Communities; $1,000 per port for fleet/reserved spaces. |
| One time/ perpetual license | One-time | Drive Clean Rebate: Up to $2,000 for eligible EVs to offset federal EV tax credit losses. |
| Unit Pricing | One-time | NYTVIP Class 3-8 vehicle incentives: Base incentives ranging from $50,000 to $285,000 per vehicle, plus DAC bonus, small fleet bonus, and scrap bonus. |
| One time/ perpetual license | One-time | Empire Building Challenge Hospitals: Up to $5 million per selected hospital for decarbonization projects. |
| One time/ perpetual license | One-time | AMP Up Program: Over $125 million available for energy efficiency and electrification improvements in affordable multifamily buildings. |
| One time/ perpetual license | One-time | Port Infrastructure: $300 million competitive solicitation for maritime port development. |
| Other | Multi-year contract | NEVI Program: NYSDOT receives approximately $175 million over five years for EV fast charger deployment. |
| One time/ perpetual license | One-time | Regional Economic Development Council Initiative: Over $23 million to 15 projects for building and industrial emissions reduction. |
| One time/ perpetual license | One-time | NextGen Buildings Innovation Challenge: Over $23 million awarded to 24 projects for building decarbonization technologies. |
| Other | One-time | Large-Scale Thermal Program: Up to $750,000 in state cost-sharing for building decarbonization using ground-source heat pumps, waste heat recovery, and thermal energy storage. |
| One time/ perpetual license | One-time | Clean Hydrogen Research: Over $11 million in funding for five clean hydrogen R&D projects. |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels11 records
NYSERDA product offering
Product offeringCore offering
NYSERDA is a New York State public benefit corporation that administers a portfolio of clean energy programs, providing rebates, grants, incentives, technical assistance, financing, and workforce development to New York residents, businesses, municipalities, schools, developers, and contractors. Programs span solar (NY-Sun), offshore wind, battery storage, electric vehicles (Drive Clean Rebate, Charge Ready NY 2.0, NYTVIP, NEVI), building decarbonization (heat pumps, AMP Up, NextGen Buildings, Empire Building Challenge Hospitals), hydrogen, and grid modernization.
Product overview
NYSERDA (New York State Energy Research and Development Authority) is a public benefit corporation that administers a portfolio of clean energy programs rather than offering a unified software product. The organization operates programs across solar (NY-Sun), electric vehicles (Drive Clean Rebate, Charge Ready NY 2.0, NYTVIP, NEVI Program, Electric School Buses), energy storage, offshore wind, building efficiency (NextGen Buildings Innovation Challenges, AMP Up, Empire Building Challenge: Hospitals, Large-Scale Thermal Program), workforce development, and climate innovation. These programs function as funding mechanisms and incentive structures managed through the NYSERDA platform, with no proprietary software product architecture or API offering. NYSERDA also administers federal Inflation Reduction Act incentives and the Build-Ready Program for developing renewable energy on underused sites.
Differentiator
Problem solved
Functional benefit
Products and services
- NY-Sun Program Statewide solar incentive program providing funding, financing, and incentives to make solar installations more affordable for residential, commercial, and community solar projects in New York State.
- Charge Ready NY 2.0 Rebate program offering $3,000 per charging port to public, private, and not-for-profit organizations installing Level 2 EV charging stations at workplaces, multi-unit dwellings, or hotels/motels, with additional bonuses for properties in disadvantaged communities.
- Drive Clean Rebate Point-of-sale rebates toward the purchase or lease of eligible plug-in hybrid and battery-powered electric vehicles, with rebates up to $2,000 per vehicle.
- New York School Bus Incentive Program (Electric School Buses) Funding and incentives to support the transition of school bus fleets to zero-emission electric vehicles, including vehicle incentives and charging infrastructure support.
- New York Truck Voucher Incentive Program (NYTVIP) Voucher program providing discounts to fleets purchasing or leasing medium- and heavy-duty zero-emission battery-electric or hydrogen fuel cell vehicles, electric non-road equipment, and transit buses.
- National Electric Vehicle Infrastructure (NEVI) Program Federal program administered in partnership with NYSDOT to deploy electric vehicle fast chargers along designated EV corridors in New York, with approximately $175 million in funding over five years.
- Inflation Reduction Act (IRA) Home Energy Rebates and Programs Administration of federal Inflation Reduction Act rebates and tax credits for clean energy technologies including home electrification, solar, geothermal heat pumps, EVs, and charging infrastructure, with direct pay enabling nonprofits and municipalities to access credits.
- NextGen Buildings Innovation Challenge Innovation challenge funding projects that advance building technologies for clean HVAC systems, thermal storage, building envelopes, and intelligent grid-interactive buildings, with over $23 million awarded to 24 projects.
- Build-Ready Program Program that identifies and prepares underused sites (brownfields, landfills, former industrial sites) for renewable energy development, supporting municipalities through permitting, design, and interconnection before competitive auction to developers.
- Climate Tech Fellowship Six-month pre-accelerator program offering early-stage climate innovators a $10,000 non-dilutive stipend and tailored commercialization guidance, focused on energy and urban resilience technologies.
- Clean Energy Workforce Development and Training Programs $50 million in funding for clean energy workforce development including Clean Energy Career Pathways Training and Technical Skills Training, providing curriculum, training equipment, and technical training across energy efficiency, renewable energy, and EV infrastructure sectors.
- Energy Storage Program Programs supporting battery storage deployment including incentives for residential battery systems (up to $200 per kilowatt-hour installed) and competitive solicitations for utility-scale storage projects toward New York's 6,000 MW by 2030 goal.
- Offshore Wind Program Initiative to develop offshore wind capacity under the Climate Leadership and Community Protection Act, targeting 9 GW by 2035, including administration of the National Offshore Wind R&D Consortium with approximately $60 million in funding.
- Affordable Multifamily Program Upstate (AMP Up) Over $125 million in funding to support energy efficiency and electrification improvements in eligible affordable multifamily buildings in upstate New York, including efficient appliances, insulation, window replacements, and heating system upgrades.
- Empire Building Challenge: Hospitals Over $20 million in funding for energy efficiency and electrification upgrades at New York State hospitals, with selected hospitals eligible for up to $5 million each for low-carbon solutions including building system electrification.
- Champlain Hudson Power Express (CHPE) REC Contract Long-term renewable energy credit purchase agreement tied to a 1,250 MW transmission line delivering hydropower from Quebec to New York City, estimated to cut carbon emissions by 3.7 million tons per year.
- Large-Scale Thermal Program $10 million program offering up to $750,000 in state cost-sharing for building and campus decarbonization projects using ground-source heat pumps, waste heat recovery, and thermal energy storage technologies.
- Offshore Wind Port Infrastructure Program (RFP 6041) $300 million competitive solicitation (RFP 6041) for maritime port development supporting the offshore wind industry in New York State.
- Clean Hydrogen Research and Development Funding Over $11 million in funding for five clean hydrogen research and development projects in New York State, supporting hydrogen generation, fuel cells, and end-use applications.
Quantifiable outcome
- 184,000 clean energy workers employed at end of 2024
- +4 more outcomes
Companies that use NYSERDA
Customer profileNamed customers11 records
Segments12 records
Ideal customer profiles5 records
NYSERDA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NYSERDA partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered minor and core.
- PowerBank Corporation (project developer)minorGeddes, US1, and VC1 solar projects (collectively 4.48 MW) operational; Geddes participates in NY-Sun program under VDER mechanism; US1 and VC1 have 25-year PPAs with villages.
- Con EdisoncoreCon Edison partnered with NYSERDA on the $450,000 incentive and grid upgrades supporting the largest electric school bus fleet in NYS (GVC's 45 buses in Bronx). Also supports MHD Make-Ready Pilot program and other clean energy initiatives including building retrofits and EV charging.
- GVC (Green Valley Center)coreFamily-owned school bus company serving children with special needs in the Bronx for over 30 years. Received support from NYSERDA's New York School Bus Incentive Program and Con Edison to deploy 45 electric buses with 23 dual-port chargers.
- Stony Brook Universitycore$4 million hydrogen generator evaluation project with over $1.25 million to Stony Brook. First hydrogen-powered linear generator test in NYS, scheduled for Fall 2026 deployment at Northport Power Station.
- National Grid VenturescoreCollaborating with Stony Brook University, LIPA, Mainspring Energy, and NYSERDA to evaluate 100-percent hydrogen-powered linear generator for NY's clean energy transition.
- Long Island Power Authority (LIPA)corePartnering with Stony Brook University, National Grid Ventures, Mainspring Energy, and NYSERDA for hydrogen generator evaluation project.
- New York State Department of Transportation (NYSDOT)coreNYSDOT receives approximately $175 million through NEVI program over five years and submitted EV Infrastructure Deployment Plan. NYSERDA managing awarded projects and additional programs.
- New York Power Authority (NYPA)corePartnering with NYSDOT to build NEVI-compliant hardware and utility infrastructure for EV charging along designated corridors.
- National Grid (utility)coreOffering virtual power plant programs for home batteries in NY, allowing utilities to draw electricity from home battery storage systems through EnergyHub software.
- Orange & Rockland UtilitiescoreOffering virtual power plant programs for home batteries alongside National Grid, managed through EnergyHub platform.
- Governor Kathy HochulcoreNYSERDA operates under the governance and direction of Governor Kathy Hochul and the state Energy Planning Board chaired by NYSERDA CEO Doreen Harris.
- EdominorThree-year demonstration project deploying grid-interactive efficient building technology across commercial buildings in National Grid's NY service territory with funding from NYSERDA.
- National GridcorePartnership with Edo and NYSERDA for grid-interactive efficient building technology demonstration in National Grid's NY service territory. EPRI conducting independent measurement and verification.
- TRC CompaniesminorAwarded NextGen Buildings Innovation Challenge funding for two projects: OpenBOS open-source building control platform (with Lawrence Berkeley National Lab, Elexity, Community Energy Labs, ACE IoT) and smart panel retrofits with SPAN, Halco, LBNL.
- Lawrence Berkeley National Laboratory (LBNL)minorPartner with TRC on OpenBOS intelligent building control platform for small-to-medium commercial buildings.
- ZenobēminorPartnering with EBT on 10 electric school buses for Copiague Public Schools, managing batteries and infrastructure to ensure operational reliability.
- Educational Bus Transportation, Inc. (EBT)minorSchool bus company receiving support from NY School Bus Incentive Program and Zenobē for 10 electric buses and charging infrastructure at Copiague Public Schools.
- New York State Energy Planning BoardcoreNYSERDA CEO Doreen Harris chairs the state Energy Planning Board, which developed the new state energy plan outlining 15-year roadmap for energy future.
- PowerBank CorporationminorDistributed solar and battery storage developer receiving NYSERDA incentives for multiple projects including Geddes Solar ($1.47M), Jordan Rd 1 ($1.97M), Jordan Rd 2 ($1.12M), and Elmira Solar ($310K). NYSERDA approved approximately $3.4M in incentives for three projects.
- MN8 EnergyminorSelected by NYCEDC to build NYC's first freight-focused EV charging depot at Hunts Point Food Distribution Center in the Bronx with 32 DC fast chargers and 10 Level-2 chargers.
- Alfred Universityminor$466,853 NYSERDA grant supporting power engineering infrastructure including Edibon Power Systems Simulation Lab for DER, microgrid, and energy storage training. Second institution in country after UCF to have such facility.
- GE Vernovaminor$2.8 million in software contributions to Alfred University's GE Vernova Advanced Power Grid Lab. Partner contributor to university's power engineering infrastructure with NYSERDA.
- California, Maine, Maryland, Massachusetts, New Jersey, Virginia (Consortium states)coreMulti-state participation in National Offshore Wind R&D Consortium, expanding initiative from $41 million to approximately $60 million for coordinated offshore wind research.
Scale indicators19 records
Recent moves6 records
Expansion highlights6 records
NYSERDA competitors and assessment
Company assessmentDirect peers
- Colorado Energy Office: Colorado state government office administering clean energy grants, rebates, and technical assistance for buildings, transportation, and renewable energy. Comparable role administering state-funded incentive programs.
- Connecticut Green Bank: State quasi-public green bank administering clean energy financing, solar incentives, and efficiency programs in Connecticut. Closely comparable mission as a state-chartered clean energy finance and program entity.
- Efficiency Vermont: Vermont's statewide energy efficiency utility administering programs funded through a charge on utility bills. Comparable business model as a ratepayer-funded efficiency/clean energy program administrator with state mandate.
- Massachusetts Clean Energy Center (MassCEC): Massachusetts state-funded clean energy organization administering incentives for solar, wind, heat pumps, EVs, and workforce programs. Comparable scope, funding mechanism (ratepayer charges), and programmatic delivery model to NYSERDA.
- Energy Trust of Oregon: Independent nonprofit administering energy efficiency and renewable energy programs funded by Oregon ratepayers, with comparable programmatic role in incentives, workforce development, and program administration for utility customers.
- New Jersey Board of Public Utilities: New Jersey's state utility regulator that administers clean energy programs including solar incentives, offshore wind solicitations, and EV rebates. Operates in adjacent geography with comparable offshore wind and solar program administration.
- Illinois Energy Office / DCEO Bureau of Energy: Illinois state energy office administering weatherization, energy efficiency, and clean energy incentive programs. Comparable administrative role for state-funded clean energy deployment with utility coordination.
- California Energy Commission: California's primary state energy policy and planning agency with similar mandate to administer clean energy programs, R&D funding, and building/fleet decarbonization incentives. Closest direct peer given parallel regulatory authority and program portfolio.
- NY Green Bank: A division of NYSERDA operating as a state-sponsored green bank providing clean energy financing. Sister entity sharing the same parent organization and complementary to NYSERDA's grant/incentive programs.
Others
- Clean Energy States Alliance (CESA): Nonprofit coalition of state clean energy agencies and programs that NYSERDA is a member of. Functions as a coordinating body across state clean energy funds, providing program collaboration and shared learning relevant to NYSERDA's multistate consortium work.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
NYSERDA social profiles
Digital presenceNYSERDA financial estimates
Financial estimateRevenue estimate
Valuation estimate
NYSERDA leadership team
Management profileNumber of profiles
Profiles4 records
NYSERDA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NYSERDA M&A and investment
M&A and investmentM&A
Investments1045 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NYSERDA
What does NYSERDA do?
NYSERDA is a New York State public benefit corporation that administers a portfolio of clean energy programs, providing rebates, grants, incentives, technical assistance, financing, and workforce development to New York residents, businesses, municipalities, schools, developers, and contractors. Programs span solar (NY-Sun), offshore wind, battery storage, electric vehicles (Drive Clean Rebate, Charge Ready NY 2.0, NYTVIP, NEVI), building decarbonization (heat pumps, AMP Up, NextGen Buildings, Empire Building Challenge Hospitals), hydrogen, and grid modernization.
Is NYSERDA a public or private company?
NYSERDA is a private company. It is classified as state government owned and is currently operating.
When was NYSERDA founded?
NYSERDA was founded in 1975. It employs 251 to 500 people.
Where is NYSERDA based?
NYSERDA is headquartered in Albany, United States, in the North America region.
How does NYSERDA make money?
One revenue line is on record: clean Energy Fund / Ratepayer Funding.
Who are NYSERDA's main competitors?
Direct peers on record are Colorado Energy Office, Connecticut Green Bank, Efficiency Vermont, Massachusetts Clean Energy Center (MassCEC), Energy Trust of Oregon, New Jersey Board of Public Utilities, Illinois Energy Office / DCEO Bureau of Energy, California Energy Commission and NY Green Bank. Clean Energy States Alliance (CESA) is listed as an others.
Does NYSERDA have an API?
No public API is recorded for NYSERDA.
What industry is NYSERDA in?
NYSERDA's product category is State Clean Energy Programs and Incentives. Its primary akta.pro industry code is BPAIAMAD, Climate Change Mitigation, Adaptation & Resilience Programs, with a secondary code of EUAMAJAD, Distributed Generation (DG) Solar & Small Wind. Its NAICS code is 9241 and its SIC code is 4911.