NY Green Bank
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.
- Company typePrivate
- Founded2013
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
NY Green Bank firmographics
Firmographics- 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
NY Green Bank industry classification
Industry- 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
Where NY Green Bank is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
NY Green Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Community Decarbonization Fund - Wholesale lending to CDFIs and mission-driven lenders |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
NY Green Bank product offering
Product offeringCore 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
Companies that use NY Green Bank
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles4 records
NY Green Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NY Green Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Montgomery County Green BankminorPartner in Green Banking Partnerships Webinar discussing how partnerships between green banks, financial institutions, and philanthropic organizations are accelerating clean energy deployment.
- Justice Climate FundminorPartner in Green Banking Partnerships Webinar covering scalable financing models and case studies in solar and heat pumps.
- U.S. Green Bank 50minorPartner in Green Banking Partnerships Webinar covering practical guidance for nonprofits and municipalities seeking climate financing.
- Climate First BankminorHost of Green Banking Partnerships Webinar featuring speakers from Montgomery County Green Bank, Justice Climate Fund, and U.S. Green Bank 50.
- NYSERDAcoreNY 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
NY Green Bank competitors and assessment
Company assessmentDirect 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
NY Green Bank social profiles
Digital presenceNY Green Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
NY Green Bank leadership team
Management profileNumber of profiles
Profiles13 records
NY Green Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NY Green Bank M&A and investment
M&A and investmentM&A
Investments19 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NY Green Bank
What does NY Green Bank do?
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.
Is NY Green Bank a public or private company?
NY Green Bank is a private company. It is classified as state government owned and is currently operating.
When was NY Green Bank founded?
NY Green Bank was founded in 2013. It employs 11 to 50 people.
Where is NY Green Bank based?
NY Green Bank is headquartered in New York, United States, in the North America region.
How does NY Green Bank make money?
One revenue line is on record: clean Energy Financing.
Who are NY Green Bank's main competitors?
Direct peers on record are Connecticut Green Bank, DC Green Bank, Montgomery County Green Bank, Hawaii Green Infrastructure Authority, Massachusetts Clean Energy Center (MassCEC) and Coalition for Green Capital. Broad incumbents are Climate First Bank, Generate Capital and California Infrastructure and Economic Development Bank (IBank). Clean Energy Finance Corporation (CEFC) is listed as a regional player.
Does NY Green Bank have an API?
No public API is recorded for NY Green Bank.
What industry is NY Green Bank in?
NY Green Bank's product category is Clean Energy and Sustainable Infrastructure Financing. Its primary akta.pro industry code is FSABAKAH, Green/Climate Development Banks & Funds, with a secondary code of BPADACAH, Climate Finance Funds & Green Investment Facilities. Its NAICS code is 52599 and its SIC code is 6111.