Designation Anchored by Binghamton University Further Establishes Southern Tier Region as National Hub for Growing Energy Storage Industry
Federal And NYS Investments Complement “Southern Tier Soaring” — The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Kathy Hochul today announced that the U.S. National Science Foundation has designated the New Energy New York (NENY) Storage Engine as a Regional Innovation Engine (NSF Engine) as a part of President Biden’s Investing in America agenda. The NENY Storage Engine, anchored at Binghamton University in New York’s Southern Tier Region, will receive up to $15 million for two years and up to $160 million over 10 years to establish a hub that will accelerate innovation, technology translation and the creation of a skilled workforce to grow the capacity of the domestic battery industry. Through Empire State Development, New York State will match up to 20 percent for the first five years of the project as well as provide support through established programs. The NENY Storage Engine was chosen for its diverse, cross-sector coalition that will build a leading ecosystem driving battery technology innovation, workforce development and manufacturing to support U.S. national security and global competitiveness.
“With this transformative National Science Foundation grant, we are putting Binghamton and all of New York State back at the cutting edge of manufacturing and innovation,” Governor Hochul said. “The modern era of battery technology was born right here in New York, and thanks to Majority Leader Schumer, President Biden and New York’s congressional delegation, the CHIPS and Science Act is helping to ensure that the future of batteries is built here as well.”
Today’s designation builds upon prior federal and State combined investments of $113.7 million through Binghamton University to support the creation of Battery-NY, a cutting-edge technology development, manufacturing, and commercialization energy storage hub. In addition to $50 million in State funding first announced by Governor Hochul in her 2022 State of the State address, Binghamton University was selected by the U.S. Commerce Department's Economic Development Administration to receive $63.7 million in federal funding from the American Rescue Plan's Build Back Better Regional Challenge, a national competition that is providing transformative investments to develop and strengthen regional industry clusters across the country, that also enhance economic equity, create good-paying jobs and further the United States' global competitiveness. Binghamton University was one of 21 chosen out of more than 500 applications originally which were narrowed to 60 applicants in round two of the challenge.
New York State's Nation-Leading Climate Plan
New York State's nation-leading climate agenda calls for an orderly and just transition that creates family-sustaining jobs, continues to foster a green economy across all sectors and ensures that at least 35 percent, with a goal of 40 percent, of the benefits of clean energy investments are directed to disadvantaged communities. Guided by some of the nation’s most aggressive climate and clean energy initiatives, New York is on a path to achieving a zero-emission electricity sector by 2040, including 70 percent renewable energy generation by 2030, and economywide carbon neutrality by mid-century. A cornerstone of this transition is New York's unprecedented clean energy investments, including more than $40 billion in 64 large-scale renewable and transmission projects across the State, $6.8 billion to reduce building emissions, $3.3 billion to scale up solar, nearly $3 billion for clean transportation initiatives, and over $2 billion in NY Green Bank commitments. These and other investments are supporting more than 170,000 jobs in New York’s clean energy sector as of 2022 and over 3,000 percent growth in the distributed solar sector since 2011. To reduce greenhouse gas emissions and improve air quality, New York also adopted zero-emission vehicle regulations, including requiring all new passenger cars and light-duty trucks sold in the State be zero emission by 2035. Partnerships are continuing to advance New York’s climate action with 400 registered and more than 100 certified Climate Smart Communities, nearly 500 Clean Energy Communities, and the State’s largest community air monitoring initiative in 10 disadvantaged communities across the State to help target air pollution and combat climate change.
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