The funding is part of $140m grid modernization initiative, which aims to help private sector to modernize New York's electric grid while making it both smarter and more efficient.
The NYSERDA's grid modernization initiative will focus on the development of an advanced, digitally managed electric grid.
As part of this effort, NYSERDA is seeking bids from firms that have solutions capable of overcoming identified and as-yet-unidentified engineering and other technical challenges while modernizing the grid.
NYSERDA president and CEO John Rhodes said: "A critical part of modernizing our grid is to make it easier for renewable energy systems to integrate into it, especially as Governor Cuomo's REV strategy encourages more of them to come online.
"This initiative will provide us with much needed solutions to connect more clean renewable energy sources to the electric grid."
The request for proposals, which targets clean tech companies, distributed energy resource providers and others, intends to reduce costs and time required to efficiently integrate new clean energy sources into New York's electric grid.
New York government earlier announced its plan to generate 50% of its electricity from renewable sources by 2030.
New York State Department of Public Service CEO Audrey Zibelman said: "NYSERDA's initiative will help us appropriately address the technical challenges inherent with grid modernization and other benefits we expect under Reforming the Energy Vision (REV)."
Image: New York intends to modernize its grid to allow integration of renewable energy while reducing costs. Photo: courtesy of antpkr/FreeDigitalPhotos.net.
