# New York State Energy Research and Development Authority

New York State Energy Research and Development Authority is a Government organization based in New York, United States.

## Overview

- **Organization type:** Government organization
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1975
- **Assets under management:** Undisclosed
- **Website:** nyserda.ny.gov
- **LinkedIn:** https://www.linkedin.com/company/new-york-state-energy-research-and-development-authority

## Regulatory record

- **Reports private funds:** No

## About

The New York State Energy Research and Development Authority (NYSERDA) is a public benefit corporation established in 1975 in Albany, New York. NYSERDA provides energy assessments, promotes building decarbonization, and supports renewable energy sources such as solar and wind. The authority offers financing options for clean energy projects and facilitates the installation of electric vehicle charging stations.

## Sectors

- Energy Transition & Renewables
- ClimateTech
- Infrastructure
- Clean Energy Research

## People

- Doreen M. Harris — President and CEO

## Questions

### What investment stages does NYSERDA typically target?

NYSERDA funds early-stage research, demonstration projects, and commercial-scale deployment. It does not take equity stakes; rather, it provides grants, loans, and technical support to private companies, universities, and municipalities developing clean energy technologies.

### Does NYSERDA participate in fund commitments or only direct deals?

NYSERDA primarily issues direct grants and loans through competitive solicitations. Its subsidiary, the New York Green Bank, structures co-investments and credit facilities alongside private capital in clean energy projects, but neither entity invests in external funds (per New York Green Bank annual report, 2023).

### What investment sectors does NYSERDA focus on?

NYSERDA concentrates on renewable energy (solar, wind, hydropower), energy efficiency in buildings and industry, transportation electrification, grid modernization, and climate tech research. It explicitly does not invest in non-energy sectors or fossil fuel infrastructure that conflicts with the state's decarbonization goals.

### How is NYSERDA related to the New York Green Bank?

The New York Green Bank is a wholly owned subsidiary of NYSERDA, created in 2013. It uses $1 billion in capitalization from the state to provide loans, credit enhancement, and co-investment in clean energy projects, supplementing NYSERDA's grant programs (per NYSERDA official communications, 2023).

### Where does NYSERDA's funding come from?

NYSERDA is funded by proceeds from the Regional Greenhouse Gas Initiative, the System Benefits Charge on consumer utility bills, and voluntary contributions through the Green Power Program. It does not manage private wealth or take investment returns from portfolio companies.

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Last updated: 2026-06-03T20:00:00.000Z

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