Governor Paterson announced $3 million funding for 18 clean energy businesses in New York State

Date: 
December 15, 2009

The funding is provided by the New York State Energy Research and Development Authority (NYSERDA) to help New York businesses increase their access to markets, customers, investors and partners, and build their capacity to serve a new or expanded customer base.

The awards, which total up to $200,000 per company and require an equal match from the businesses, will help them create jobs, develop business plans, reach customers in the global marketplace, raise capital and build their business infrastructure. In New York City, the funding will support:

  • $181,000 for Locus Energy, LLC, in Manhattan, which provides an operations management platform for residential and small commercial renewable energy systems. The award will allow the company to accelerate sales growth by opening new markets for installation, maintenance, and monitoring services for solar-electric systems.
  • $25,000 for Rentricity, Inc., in Manhattan, a developer of clean renewable energy using hydrokinetic technology that recovers energy from pressurized municipal water systems. The award will be used to assess the energy recovery potential of the ten largest metropolitan areas in the State.

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