This EDA investment funds the clean fight NY: scaling adoption of clean energy solutions in new york project, to help strengthen the economic competitiveness of the state of new york's clean energy…

This $7.99 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund the Clean Fight NY initiative to strengthen New York's clean energy sector. Clean Fight NY will help address structural barriers facing growth-stage clean energy companies in New York through formalizing an adoption ecosystem that maximizes regional clean energy, customer, and capital assets.

Specifically, Clean Fight NY will scale its core accelerator program to include three new cohorts totaling 25 clean technology companies in underserved sectors like transportation solutions, grid innovation, renewable generation, green hydrogen, and financial innovation. The initiative will also partner with SeconMuse's SCALE for ClimateTech manufacturing readiness program to provide deployment support to five cohort companies annually. This three-year project aims to meet New York's policy, regulatory, economic and business development goals by attracting best-in-class companies and partners to accelerate market adoption and growth in support of the state's clean energy plan.

This EDA investment funds the clean fight NY: scaling adoption of clean energy solutions in new york project, to help strengthen the economic competitiveness of the state of new york's clean energy sector. The project will help mitigate the structural barriers to success for growth stage clean energy companies in new york by formalizing an ecosystem of adoption that maximizes and connects regional clean energy, customer, and capital assets. The clean fight NY will accomplish this through scaling its core accelerator program to include three new cohorts for a total of 25 new clean energy technology companies comprised of underserved and emerging sub-sectors of the climate technology industry, including but not limited to: transportation solutions, grid innovation, renewable generation, green hydrogen, and financial innovation solutions. The clean fight NY will also expand program offerings by partnering with secondmuse, an impact, and innovation company that runs scale for climatetech, a successful manufacturing readiness program in new york, to provide manufacturing deployment support to five cohort companies per year (15 total over three years) of the grant award period. Once implemented, this program is designed to meet the state of new york's key policy, regulatory, economic, and business development goals by: attracting best-in-class growth-stage clean energy companies to new york; attracting best-in-class customer and capital partners that can help participating companies accelerate their market adoption and growth in new york; and demonstrating progress towards new york's ambitious clean energy plan and economic development goals through empowering growth-stage companies to scale.