The New York State Public Service Commission has approved a $412.3 million budget for the New York State Energy Research and Development Authority’s (NYSERDA) Innovation and Research (I&R) portfolio for the years 2026 to 2030. The decision aims to ensure efficient use of ratepayer funds, improve transparency, and direct efforts toward meeting the state’s most pressing clean energy needs.
“Under Governor Kathy Hochul, New York’s commitment to deploying clean energy and protecting the environment has been steadfast,” said Commission Chair Rory M. Christian. “As we look ahead, it is clear further innovation will be needed to strategically advance our climate goals while ensuring safe and reliable service. I look forward to the continued success of the Innovation and Research Portfolio in advancing new solutions.”
The Commission had previously instructed NYSERDA to evaluate the performance of the I&R portfolio since its launch in 2016 and propose funding for activities after 2025. Since its inception, the portfolio has invested $623 million, which helped attract $3.5 billion in additional funding, commercialize over 200 products, and support nearly 1,000 technology replications. The next phase will build on these outcomes and target investments in areas such as grid modernization, advanced buildings and processes, clean transportation, power generation and storage, commercialization and ecosystems, fuels transition, and energy-related environmental research.
The approved funding is aligned with state policies to promote innovative clean energy solutions that support affordability and reliability across the energy system while working toward a sustainable and resilient future. NYSERDA is expected to allocate the funding between 2026 and 2030, with expenditures continuing through 2034. Anticipated outcomes include leveraging $1.7 billion in additional funding, commercializing 110 new products, and achieving 570 replications or demonstrations.
NYSERDA must submit an operating plan within 60 days detailing program activities and expected results for approval by Department of Public Service staff.
Commission documents related to this decision are available on the Commission’s website at www.dps.ny.gov by searching for Case Numbers 14-M-0094 or 25-M-0421. Documents can also be accessed at the Commission’s Files Office in Albany or by calling 518-474-2500. Language assistance is available by calling 1-800-342-3377.
