New York State Governor Andrew Cuomo announced $12 million in New York State Energy Research and Development Authority (NYSERDA) funding to improve energy efficiency for industrial and multifamily buildings. The state is also expanding its Real Time Energy Management initiative for monitoring energy and identifying problems.
Buildings are responsible for an estimated 60% of the state’s greenhouse gas emissions. In an effort to lower that, NYSERDA launched the Real Time Energy Management initiative last year to target inefficiencies in commercial buildings, which includes office buildings, hotels, universities, hospitals, and retail stores.
Real time energy management systems continuously collect live and historical performance data through a cloud-based or on-site system, NYSERDA’s site explains. “That data can be analyzed to uncover optimization opportunities for the site’s energy usage. Sensors, meters, and other equipment, along with data analytics and information services, show how your building or facility is performing at any point, in real time.”
NYSERDA offers cost-share incentives for real time energy management system projects serving customers in multifamily, commercial, and industrial sectors. “We analyze RTEM market data and publish case studies and best practices to build market confidence,” the site says.
The $12 million in funding brings the state’s RTEM program to more than $40 million in investments supported by the state’s Clean Energy Fund — a 10-year, $5.3 billion program supporting clean energy development, according to the governor’s announcement. The expanded RTEM initiative funding covers:
- $5.7 million in direct incentives for RTEM projects in the industrial sector
- $830,000 for multifamily RTEM projects
- $6 million for commercial RTEM projects that include cloud-based controls
“New York’s building owners and managers will play a crucial role in contributing to the State’s efforts to reduce emissions in its building sector,” NYSERDA president and CEO Alicia Barton said in the announcement about the latest funding. “The RTEM program has already shown its value in the commercial sector in using energy more efficiently and reducing costs.”