The state has unveiled a $10 million program that will assist large energy-intensive entities in their efforts to reduce on-site consumption of fossil fuels through energy efficiency and electrification actions. The Commercial and Industrial Accelerated Efficiency Program will provide up to $5 million per project that is proposed to be completed and operational by 2025.
The program is designed to reduce emissions from operations in difficult-to-decarbonize and energy intensive sectors and eliminate harmful co-pollutants in the communities of operation.
The program is open to key manufacturing industries and commercial campus settings such as: paper; petroleum; primary metals; non-metallic minerals; chemicals; food; fabricated metal products; transportation equipment; computers and electronics; college and university campuses; and health care facility campuses. Support operations such as warehousing and distribution sites, mining and extraction, as well as water and wastewater are also eligible.
“Through this new initiative, we are providing the commercial and industrial sectors of New York’s economy with critical incentives to implement projects that reduce their carbon footprint and help meet our ambitious climate goals,” Governor Kathy Hochul said. “I am heartened by the increasing number of companies that are seeking ways to advance our work in creating more resilient communities especially those historically left behind as we continue to bring meaningful health and economic benefits to all New Yorkers as part of our expanding green economy.”
