The New York State Public Service Commission has approved a $412.3 million budget for the New York State Energy Research and Development Authority’s Innovation and Research portfolio for the years 2026 through 2030. This funding aims to support the state’s efforts to address critical clean energy needs, promote transparency, and ensure the efficient use of ratepayer funds.
“Under Governor Kathy Hochul, New York’s commitment to deploying clean energy and protecting the environment has been steadfast,” said Commission Chair Rory M. Christian. “As we look ahead, it is clear further innovation will be needed to strategically advance our climate goals while ensuring safe and reliable service. I look forward to the continued success of the Innovation and Research Portfolio in advancing new solutions.”
Since its start in 2016, the Innovation and Research portfolio has been part of the Clean Energy Fund. By the end of 2023, the portfolio had invested $623 million in programmatic funds, which led to $3.5 billion in leveraged funds, the commercialization of over 200 products, and nearly 1,000 replications of demonstrated technologies. For the upcoming period, NYSERDA will focus its investments on seven areas: grid modernization, advanced buildings and processes, clean transportation, power generation and storage, commercialization and ecosystems, fuels transition, and energy-related environmental research.
The approved funding supports state policies designed to promote innovative clean energy solutions that enhance affordability, reliability, and resilience across the energy system. NYSERDA will allocate the funds from 2026 through 2030, with expenditures extending through 2034. The agency expects to leverage at least $1.7 billion in additional funds, commercialize 110 products, and achieve 570 replications or demonstrations. NYSERDA must submit an operating plan within 60 days, outlining programming details and anticipated results for review by Department of Public Service staff.
Details about the decision can be found in the Commission Documents section of the Commission’s website at www.dps.ny.gov by searching Case Numbers 14-M-0094 or 25-M-0421. Documents are also available at the Commission’s Files Office in Albany or by phone at 518-474-2500. Free language assistance is available at 1-800-342-3377.
