Blog

May 15, 2023

Economic Development

New York has what it takes: robust markets for clean energy products, a talented

New York has what it takes: robust markets for clean energy products, a talented workforce, ambitious policies, and the right incentives to locate clean energy and climate technology manufacturing and supply chain investments.

Clean energy industries - from manufacturing to installation and servicing - are poised for significant growth through New York State's unparalleled investments in strategic siting, workforce development, and the innovation infrastructure necessary to support a robust clean energy economy.

Whether you are focused on commercializing the next generation of clean energy technologies or seeking a growing market for your low-carbon products, New York is full of opportunities.

New York's ambitious clean energy and climate goals are catalyzing investment and job growth, but the Empire State has many more strategic advantages.

New York clean energy firms saw a total of $10.98 billion in investments across 6,681 deals between 2011 and 2021

NYSERDA Jobs Report

To achieve the emission reduction and renewable generation goals of the Climate Act , New York State is mobilizing investment in clean energy products and services in key market segments, including:

From emerging startups to established firms, New York is partnering with businesses and innovators advancing clean energy solutions and services.

Micron's $100 billion investment will transform Central New York into a global semiconductor manufacturing hub, creating nearly 50,000 jobs statewide.

Plug Power's $55 million investment in fuel cell manufacturing will create over 1,600 jobs in the Capital Region over five years.

Provides access to capital to increase private investment in New York's clean energy markets, especially renewable generation, clean transportation, energy storage, and energy efficiency.

Encourages businesses to expand and relocate to New York, with enhanced green project tax credits for firms developing technologies that reduce emissions or support the use of clean energy.

Up to $200 million in grant funding is available to prepare and develop shovel-ready sites for industries such as clean tech and high-tech and semiconductor manufacturing.

Provides funding and resources to support education, internships, training, and career pathways to build New York's clean energy future.

Supports net-zero economic development projects spanning manufacturing, mixed use, downtown revitalization, and more across New York's ten regions.

NYSERDA supports clean tech businesses with funding and resources to bring technologies from concept to commercialization.

NYPA offers low-cost power from its hydropower facilities to support business operation and expansion in the Niagara region and in the counties near the St. Lawrence Power Project.