Innovation@NYSERDA
Where climate tech gets real.
RELATED PROGRAMS
Investors
Driving transformational change in clean energy markets
New York State will be investing up to $1.2 billion over 15 years to accelerate the pace of innovation and build a world class hub for clean energy research and development and technology commercialization.
Within the Clean Energy Fund since 2017, Innovation has invested $13M in seed companies, $70M in early-stage companies and $46M in later stage companies.
Focused funding for critical change
We create value and reduce risk through:
- Climate industry innovations chosen in a competitive selection process
- R&D projects that test and accelerate solutions
- Collaborative industry forums
- Co-investment alongside industry investments
NYSERDA's (Re)Insurance Showcase
To catalyze the development of new, innovative insurance policies and products necessary to accelerate and scale deployment of critical clean transportation, building, and energy technologies, NYSERDA launched the $5M Insurance Innovation Prize.
There were many more high-quality applicants to the prize than those NYSERDA could directly support. Therefore, NYSERDA held a (Re)insurance Showcase in December 2024 to invite top applicants to preview their climate insurance solutions.
Watch the video 
to learn more about these innovative insurance solutions designed to unlock critical deployment of energy technologies.
In their own words - investor interviews
Building a resilient, equitable energy system
More than 299 new and improved climate tech and clean energy solutions in six focus areas have already been commercialized, collectively generating $14 million in sales.
Investment Percentages
View details on investment distribution View details on investment distribution
Investment Percentages:
- 28% Technology to Market
- 13% Advanced Buildings
- 16% Clean Transportation
- 18% Renewable Optimization and Energy Storage Innovation
- 25% Smart Grid Systems and Distributed Energy Integration
Quality Investment
Every dollar of NYSERDA funding contributes $10 in leveraged funds and our leverage rate grew from 4.4 in 2017 to 10.3 in 2022.
View our Investor Advisory Board