NY Green Bank

Decarbonizing buildings with energy efficiency upgrades, renewable energy, and all-electric equipment can lead to long-term savings for commercial and multifamily buildings. However, upfront costs can pose a challenge to implementation. Fortunately, there are several funding options to help commercial, industrial, and multifamily decision-makers move forward with their decarbonization projects. Learn more in our featured story. https://on.ny.gov/3MZQFGs

As New York State’s clean energy economy develops, energy storage has a pivotal role. Integrating battery energy storage systems into the electric grid will enable clean energy from renewable sources like solar, wind, and hydropower to be stored and then made available when and where it is needed most. NineDot Energy is leading the way in the Bronx with a compact clean energy solution. This innovative battery energy storage installation brings grid benefits and decarbonization to a crowded urban area. Read more in our case study! https://on.ny.gov/4dfygAd

Thank you to The Clean Fight for last week’s insightful #ClimateWeekNYC conversation on energy storage! We’re thrilled to have had Kelsey Clair, Managing Director at NY Green Bank, join this panel of clean energy leaders to discuss solutions for bridging the financing gap in storage development and advancing sustainability in New York.

Climate Week NYC: It was a crazy week of events that has left me feeling simultaneously drained and energized! I learned a lot by hearing many different perspectives from world leaders, corporate CEOs, local politicians, developers large and small, investment banks, green banks, students and teachers, and many more. The main thing I am taking away from this week is comfort in knowing that I am not alone in this fight. I am surrounded by incredibly smart, capable people all working towards a common goal to solve the greatest challenge of our lifetime. I am so inspired by the work being done to think creatively, push boundaries, and expect better outcomes. As with anything, it's the people you meet that make all the difference. Thank you to everyone that shared in this experience with me and kept me going when my batteries were running low! I can't wait to see what we accomplish by this time next year! #NYCClimateWeek #CleanEnergy #Sustainability Kaitlin Butler Richard Burr Tweedy Katherine Dunn Andrea Justine Lee Kelley O’Keefe (Fairman) Trond Rokholt Konstantin Driker Meagan Gates Alberto Tardio Annalisa Ranaboldo Evan O'Connor Jason Moore Emma Bankier Ethan Forauer Anna Lulgjuraj Rosie W. Olivia Corriere Andrew Seiden Molly Rafelson Taylor Rowe Carlijn Goldberg NineDot Energy Orenda, Inc Enduring Planet Convergent Energy and Power Greenwood Sustainable Infrastructure MGN MicroGrid Networks LLC Isabelle Elizondo Douglass Sims Jason Patrick Trisha Miller Aurea Carvalho Women in Climate Investing & Finance Wood Mackenzie Natural Resources Defense Council (NRDC) The Clean Fight NYSERDA NY Green Bank

Today marks the launch of U.S. Green Bank 50, a network dedicated to supporting the growing needs of the clean energy and green banking industry. NY Green Bank is proud to be a founding member of GB 50, and we’re excited about this opportunity to strengthen our connections with other sustainability-focused institutions across the United States as we drive innovation and growth in the green energy sector. Learn more about GB 50: www.usgreenbanks.org #ClimateWeekNYC

How is NY Green Bank financing New York’s clean energy future? Listen as NY Green Bank President, Andrew Kessler, dives into the catalytic capital that has driven the deployment of key technologies from community solar to energy storage and its impact on the green transition. ? ?? Tune in: https://lnkd.in/e4Kqw4aV

Tune in tomorrow, Tuesday, September 10th at 3:00 pm ET to learn about NY Green Bank’s investment activity and impact during the second quarter of 2024! You will hear from Rio Mizuno and Ben Goodwin on NY Green Bank’s exciting work. Join here: https://lnkd.in/eust9qjp

SUNDAY READ: See how NY Green Bank and the New York City Energy Efficiency Corporation (NYCEEC) partnered with Ecosave, a leading energy services company, to support their growth in cost-effective building decarbonization. In 2016, NYCEEC began a long-term lending partnership with Ecosave, and reached its lending capacity. NY Green Bank provided additional loans totaling $32 million to Ecosave, enabling significant growth in their pipeline and portfolio of clean energy projects, leading to $53 million of private sector capital in 2023. https://bit.ly/4fKzVjM

ICYMI: This summer, NY Green Bank closed an upsized revolving credit facility with NineDot Energy, the leading developer of community-scale battery storage projects in New York City. NY Green Bank doubled its commitment to NineDot to a total of $50 million. This financing will help fund NineDot’s rapidly growing pipeline of battery storage projects. The facility fills a market gap by providing much-needed capital for the interconnection process for standalone energy storage assets.?It has the potential to spur investment from other lenders in the market, creating a more attractive investment size for traditional commercial lenders. ?? Learn more in our transaction profile: https://lnkd.in/eD2eJCHX

Kaitlin Butler, Vice President of Business Development at NY Green Bank, recently spoke with Karan Takhar from The ZENERGY Podcast: Climate, Leadership, Finance, and Technology. Tune in to hear Kaitlin explain the gap-filling and innovative financing role NY Green Bank plays in the New York State clean energy market as well as advice for entering the climate finance space. ?? Listen to the full episode on Apple Podcasts or Spotify:?https://lnkd.in/ehKg_ETx ?? Watch the episode on YouTube: https://lnkd.in/eXhsYKyY