NYSERDA Reveals Business Model To Expand New York’s Biomass Industry

The Capital Region Economic Development Council and the New York State Energy Research and Development Authority (NYSERDA) unveiled that Bioenergy Project Partners, an energy services company in Saratoga Springs, is initiating renewable energy projects at three sites that use a new business model meant to spur the use of advanced wood pellet heating system technology […]

The Capital Region Economic Development Council and the New York State Energy Research and Development Authority (NYSERDA) unveiled that Bioenergy Project Partners, an energy services company in Saratoga Springs, is initiating renewable energy projects at three sites that use a new business model meant to spur the use of advanced wood pellet heating system technology aligning with governor Cuomo’s Renewable Heat NY initiative.

Renewable Heat NY, revealed in the governor’s 2014 State of the State address, will encourage the expansion of the market for advanced, high-efficiency, low-emissions wood heating technology by raising consumer awareness, supporting the development of advanced technology heating products, developing local sustainable heating markets and encouraging the use of this renewable fuel. The project is moving forward on the strength of $1 million awarded by NYSERDA through the Capital Region Regional Economic Development Council.

“Bioenergy Project Partners’ innovative business model will leverage private and public sector resources to accelerate the demand for high-efficiency and low-emission wood pellet heating systems,” said John Rhodes, president and CEO, NYSERDA. “Through initiatives like Governor Cuomo’s Renewable Heat NY, the State is creating market demand for this highly efficient technology which will stimulate job growth and economic activity in the clean energy sector.”

“Initiatives that build and foster new businesses and drive private investment are critical to the future of our communities,” said REDC co-chairs Robert Jones, president, University at Albany and James Barba, president & CEO, Albany Medical Center. “Bioenergy Project Partners’ business concept illustrates a pioneering approach to stimulate economic growth and emphasizes that innovation and collaboration are central to the creation of opportunities for the region.”

From the New York Real Estate Journal: http://nyrej.com/72271

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