NYSERDA

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.

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

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

• Clean energy programs
• Energy efficiency incentives
• Solar rebate programs
• Electric vehicle rebates
• Building decarbonization grants

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Others, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels6 records

Marketing channels11 records

Core 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

Named customers11 records

Segments12 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

23 partnerships are on record, tiered minor and core.

• PowerBank Corporation (project developer)minorStrategic or Co-development Partner · 22 June 2026Geddes, 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 EdisoncoreStrategic or Co-development Partner · 17 June 2026Con 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)coreOthers · 17 June 2026Family-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 UniversitycoreStrategic or Co-development Partner · 6 May 2026$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 VenturescoreStrategic or Co-development Partner · 6 May 2026Collaborating 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)coreStrategic or Co-development Partner · 6 May 2026Partnering with Stony Brook University, National Grid Ventures, Mainspring Energy, and NYSERDA for hydrogen generator evaluation project.
• New York State Department of Transportation (NYSDOT)coreStrategic or Co-development Partner · 1 April 2026NYSDOT 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)coreStrategic or Co-development Partner · 1 April 2026Partnering with NYSDOT to build NEVI-compliant hardware and utility infrastructure for EV charging along designated corridors.
• National Grid (utility)coreChannel Partner/ Reseller/ Distributor · 31 March 2026Offering virtual power plant programs for home batteries in NY, allowing utilities to draw electricity from home battery storage systems through EnergyHub software.
• Orange & Rockland UtilitiescoreChannel Partner/ Reseller/ Distributor · 31 March 2026Offering virtual power plant programs for home batteries alongside National Grid, managed through EnergyHub platform.
• Governor Kathy HochulcoreOthers · 11 March 2026NYSERDA operates under the governance and direction of Governor Kathy Hochul and the state Energy Planning Board chaired by NYSERDA CEO Doreen Harris.
• EdominorStrategic or Co-development Partner · 12 February 2026Three-year demonstration project deploying grid-interactive efficient building technology across commercial buildings in National Grid's NY service territory with funding from NYSERDA.
• National GridcoreStrategic or Co-development Partner · 12 February 2026Partnership 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 CompaniesminorStrategic or Co-development Partner · 30 January 2026Awarded 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)minorStrategic or Co-development Partner · 30 January 2026Partner with TRC on OpenBOS intelligent building control platform for small-to-medium commercial buildings.
• ZenobēminorStrategic or Co-development Partner · 20 January 2026Partnering with EBT on 10 electric school buses for Copiague Public Schools, managing batteries and infrastructure to ensure operational reliability.
• Educational Bus Transportation, Inc. (EBT)minorOthers · 20 January 2026School 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 BoardcoreOthers · 24 December 2025NYSERDA CEO Doreen Harris chairs the state Energy Planning Board, which developed the new state energy plan outlining 15-year roadmap for energy future.
• PowerBank CorporationminorStrategic or Co-development Partner · 4 November 2025Distributed 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 EnergyminorStrategic or Co-development Partner · 23 July 2025Selected 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 UniversityminorStrategic or Co-development Partner · 23 October 2024$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 VernovaminorStrategic or Co-development Partner · 23 October 2024$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)coreStrategic or Co-development Partner · 1 January 2024Multi-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

Direct 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

• Xx.com/nyserda
• YouTubeyoutube.com/user/NYSERDAofficial
• Facebookfacebook.com/NYSERDA
• LinkedInlinkedin.com/company/nyserda
• Instagraminstagram.com/nyserda

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1045 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NYSERDA