NY Green Bank

What NY Green Bank does

NY Green Bank is a state-sponsored specialized investment fund and a division of NYSERDA (New York State Energy Research and Development Authority), launched in 2013 with $1 billion in public capital from New York State. Its mission is to transform financing markets in ways that accelerate New York's clean energy transition by deploying public capital to address financing gaps where private investment is lacking, with a stated pledge of 35-40% of capital committed to projects benefiting Disadvantaged Communities. Since inception, the fund has committed over $2.7 billion to clean energy and sustainable infrastructure projects and has mobilized more than $10 billion in total project costs across New York State, with cumulative impact of 50.0 million metric tons of CO2e avoided.

The organization operates a comprehensive financing platform offering predevelopment loans, interconnection bridge loans, construction-to-term loans, revolver credit facilities, term loans, bridge loans, credit enhancements, warehousing and aggregation facilities, and preferred equity. The Community Decarbonization Fund is a dedicated $250 million wholesale lending program that channels capital to CDFIs and mission-driven lenders serving disadvantaged communities, with $158M+ closed through eight named intermediary partners to date. Distribution is executed via RFP-based solicitations (RFP 1, 18, 21, 23), direct engagement with developers and property owners, and an Eligible Purchaser Pool for secondary market transactions, with a small professional team organized across Business Development, Finance & Operations, Investment Administration, Investment & Portfolio Management, Legal & Regulatory Affairs, Risk & Compliance, and Strategy & Communications.

The economic model is structured as a public capital recycling vehicle rather than a revenue-generating enterprise. NY Green Bank earns interest income on deployed loans and investments, and returns capital and interest to NYSERDA for reinvestment. Pricing is negotiated transaction-by-transaction based on project type, risk profile, and DAC benefit, with terms not publicly disclosed. Priority markets include solar and energy storage, building decarbonization (with a focus on affordable housing), and clean transportation, supported by a stated goal of at least 35% (and a target of 40%) of capital committed to projects benefiting disadvantaged communities.

Name

NY Green Bank

Legal name

NY Green Bank

Website

https://greenbank.ny.gov

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

NY Green Bank is a state-sponsored specialized investment fund and division of NYSERDA that bridges financing gaps in New York State's clean energy markets, deploying public capital via loans and credit facilities to solar, storage, building decarbonization, EV, and clean transportation projects.

Ownership category

akta.pro rank

Product category

Clean Energy and Sustainable Infrastructure Financing

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Green/Climate Development Banks & Funds (FSABAKAH)

akta.pro secondary industries

Climate Finance Funds & Green Investment Facilities (BPADACAH), Infrastructure & Project Finance Development Banks (FSABAKAD), Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Energy Efficiency & Green Retrofit Financing (FSALAHAK)

Keywords

• Clean energy financing
• Green bank lending
• Sustainable infrastructure loans
• Clean energy project finance
• Building decarbonization financing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Clean Energy Financing: NY Green Bank generates returns through interest income on loans and investments in clean energy projects. They deploy public capital to mobilize private capital for sustainable infrastructure. Their financing products include revolvers, term loans, construction financing, credit enhancements, and predevelopment loans. The organization returns capital and interest to NYSERDA for reinvestment.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

NY Green Bank is a state-sponsored specialized investment fund and division of NYSERDA that provides flexible capital solutions to bridge financing gaps for clean energy and sustainable infrastructure projects across New York State. It deploys public capital through loans and investments including predevelopment loans, interconnection bridge loans, construction-to-term loans, revolver credit facilities, term loans, credit enhancements, and preferred equity to mobilize private capital in solar, energy storage, building decarbonization, and clean transportation markets.

Product overview

NY Green Bank operates as a unified financing platform offering a comprehensive suite of financial products designed to bridge capital gaps in clean energy markets across New York State. The organization provides predevelopment loans, interconnection bridge loans, construction-to-term loans, revolver credit facilities, term loans, bridge loans, credit enhancements, and warehousing/aggregation facilities—all structured to support projects at various stages from early development through commercial operation. The Community Decarbonization Fund (CDF) represents a distinct $250 million wholesale program targeting disadvantaged communities. These products work together to address financing barriers across building decarbonization, clean transportation, and energy storage sectors, mobilizing private capital to accelerate New York's clean energy transition.

Differentiator

Problem solved

Functional benefit

Products and services

• Predevelopment Loans Flexible loans supporting early-stage activities such as site acquisition, predevelopment costs, and preconstruction expenses for multifamily buildings committed to achieving deep energy efficiency.
• Interconnection Bridge Loans Financing to cover interconnection deposit requirements for solar, storage, and renewable energy projects connecting to the electrical grid.
• Construction-to-Term Loans Integrated financing covering both the construction phase and long-term operation of clean energy projects.
• Revolver Credit Facilities Revolving credit facilities providing flexible working capital that can be redeployed as projects reach commercial operation.
• Term Loans Long-term debt financing for renewable energy projects and sustainable infrastructure assets.
• Bridge Loans Short-to-medium-term financing to bridge utility and government incentives, including NYSERDA funding, until long-term financing is secured.
• Credit Enhancements Risk-sharing mechanisms that improve borrowing terms for clean energy projects by reducing lender exposure.
• Warehousing and Aggregation Credit Facilities Financing structures that aggregate multiple clean energy projects for efficient capital deployment and portfolio management.
• Community Decarbonization Fund (CDF) A $250 million wholesale lending pathway for CDFIs and mission-driven lenders to finance greenhouse gas-reducing projects benefiting disadvantaged communities (DACs) across New York State, with minimum financing of $2 million up to $25 million and 12-year loan term.
• Incentive Bridge Loans Financing that bridges expected incentive payments from NYSERDA and investor-owned utilities that are typically reimbursed after installation.
• Preferred Equity Equity financing participation in clean energy projects alongside debt products.

Quantifiable outcome

• 1.8 million metric tons of lifetime CO2e reduction in FY 2024-2025
• +4 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Montgomery County Green BankminorStrategic or Co-development Partner · 17 March 2026Partner in Green Banking Partnerships Webinar discussing how partnerships between green banks, financial institutions, and philanthropic organizations are accelerating clean energy deployment.
• Justice Climate FundminorStrategic or Co-development Partner · 17 March 2026Partner in Green Banking Partnerships Webinar covering scalable financing models and case studies in solar and heat pumps.
• U.S. Green Bank 50minorStrategic or Co-development Partner · 17 March 2026Partner in Green Banking Partnerships Webinar covering practical guidance for nonprofits and municipalities seeking climate financing.
• Climate First BankminorStrategic or Co-development Partner · 17 March 2026Host of Green Banking Partnerships Webinar featuring speakers from Montgomery County Green Bank, Justice Climate Fund, and U.S. Green Bank 50.
• NYSERDAcoreStrategic or Co-development PartnerNY Green Bank is a division of NYSERDA (New York State Energy Research and Development Authority). NYSERDA provides organizational oversight and NY Green Bank operates within the Clean Energy Fund framework.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Connecticut Green Bank: Connecticut's state green bank and a pioneer in residential and commercial clean energy finance. Directly comparable as a state-sponsored green bank offering C-PACE, solar, and energy efficiency financing within a single U.S. state.
• DC Green Bank: Washington D.C.'s dedicated green bank, established in 2020 to finance clean energy projects. Direct counterpart in terms of scale, mission, and product suite (solar loans, building decarbonization, C-PACE) for a single-jurisdiction state green bank.
• Montgomery County Green Bank: Montgomery County, Maryland's green bank focused on clean energy financing at sub-state jurisdictional level. Direct peer that NYGB publicly partners with on Green Banking Partnerships webinars, indicating overlapping mission and counterparty ecosystem.
• Hawaii Green Infrastructure Authority: State of Hawaii's green infrastructure finance program offering green energy market loans and GEMS micro-loans. Direct peer as one of the U.S. state green banks pursuing a similar mandate to mobilize private capital for state-level clean energy deployment.
• Massachusetts Clean Energy Center (MassCEC): Massachusetts state-sponsored quasi-public agency that funds clean energy deployment through grants, loans, and investments. Comparable state-level mandate supporting clean energy developers and infrastructure in a single state.
• Coalition for Green Capital: Nonprofit that designs, launches, and capitalizes state and local green banks across the U.S., including NYGB-related advocacy (a former employee is on the NYGB team). Closely aligned mission to scale green bank infrastructure and replicate the NYGB model.

Broad incumbents

• Climate First Bank: Florida-based community bank chartered specifically to serve environmental and sustainability-focused businesses. While a private charter bank rather than a state fund, it operates a parallel mission in financing clean economy projects and has partnered with NYGB on industry webinars.
• Generate Capital: Private-sector specialty finance company that invests in distributed infrastructure including solar, storage, and energy efficiency. Comparable business model of providing structured financing (revolvers, term loans) to clean energy developers, but as a private firm rather than a state-sponsored fund.
• California Infrastructure and Economic Development Bank (IBank): California's state financing authority that administers climate-related financing programs including infrastructure loans. Comparable in providing state-sponsored financing for clean infrastructure, though with a broader public-infrastructure mandate beyond clean energy.

Regional players

• Clean Energy Finance Corporation (CEFC): Australia's national green bank investing in clean energy, energy efficiency, and low-emissions technology across the Australian market. International counterpart with the same state-affiliated green bank mandate and product set, operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/15241173

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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

M&A

Investments19 records

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

Frequently asked questions about NY Green Bank