NY offers $14.5MM for power plant upgrades

New York State is offering $14.5 million in incentives for power plants to become cleaner and more efficient

ALBANY, N.Y. (AP) — The state is offering $14.5 million in incentives for power plants to become cleaner and more efficient.

The money comes from the Regional Greenhouse Gas Initiative, a carbon cap-and-trade program that charges fossil fuel-burning power plants for the carbon dioxide they emit. The new incentive program is administered by the New York State Energy Research and Development Authority.

Examples of eligible technologies include boiler controls, advanced burners, turbine retrofits, waste-heat recovery, and in-facility electrical load reduction and efficiency improvements.

Up to $2 million will be available per project. As part of the criteria for funding, projects must be replicable as part of the effort to promote similar cleaner energy delivery projects across New York and support the growth of these market-ready technologies.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs