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Hochul announces state funding to bolster NY’s energy grid

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  • Staff Report 

Governor Kathy Hochul has announced that New York State has been awarded nearly $24 million in federal funding aimed at strengthening and modernizing its electric grid.

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The grant, part of the Bipartisan Infrastructure Law, is provided by the U.S. Department of Energy’s Grid Resilience and Tribal Formula Grant. This funding will support projects that enhance the reliability of New York’s power infrastructure and facilitate access to clean, affordable energy, aligning with the state’s goal of transitioning to 100 percent zero-emission electricity by 2040.

Governor Hochul emphasized the necessity of this investment, especially in light of increasing extreme weather events and the impacts of climate change on communities. The grant is expected to aid in the modernization of the electric grid and its infrastructure, focusing on a future powered by clean energy. The collaboration with the federal government is highlighted as a key factor in bringing these benefits to New York.

The New York State Energy Research and Development Authority (NYSERDA) will administer the grant funds over two years, with a possible extension for three additional years. NYSERDA plans to initiate a competitive selection process in early 2024 for projects that align with the grant’s objectives. These include storm hardening, predictive analytics for electric system reliability, climate justice, energy affordability, and job creation in the clean energy sector. As part of the grant requirements, New York will contribute 15 percent matching funds from the Regional Greenhouse Gas Initiative. The state is among nine others and five tribal nations to receive a part of the $125 million allocated for Grid Resilience State and Tribal Formula Grants.

For more information, NYSERDA and the Grid Deployment Office’s websites offer further details.

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