The New York State Energy Research and Development Authority (NYSERDA) has launched a new Investor Advisory Board to support its efforts to accelerate new technologies and provide broader exposure for emerging companies to the investment community.
The Investor Advisory Board features highly distinguished financial and corporate investors focused on early-stage clean energy companies. It will assist NYSERDA in developing long-term strategic plans and increasing near-term programmatic impact to accelerate the pace of clean energy innovation in New York State.
For example, board members will share best practices about due diligence, portfolio management, and syndication of deals to help emerging companies develop and bring technology to the marketplace more quickly.
“The expertise of the Investor Advisory Board will ensure New York State is investing in innovative and game-changing technologies, products, and services needed to help us reach Governor Cuomo’s nation-leading clean energy and climate goals,” said Alicia Barton, President and CEO, NYSERDA. “New, disruptive technology is critical to hastening our clean energy future and aggressively fighting climate change, and we are proud of the role that NYSERDA plays in cultivating innovative clean energy solutions here in New York.”
The new 10-member board came together this week in New York City for the first time and represents some of the most active and prestigious early-stage financial and corporate investors in the clean energy space. Today’s announcement supports Governor Andrew M. Cuomo’s Green New Deal, a clean energy and jobs agenda that puts New York State on a path to a carbon-neutral economy while spurring growth of the green economy.
In addition, it is expected that the Investor Advisory Board, through the powerful global networks of its members, will effectively promote and raise the profile of NYSERDA’s Innovation portfolio of programs and clean energy companies. The board will allow NYSERDA to more closely align with the market and ensure that its programs are optimized for entrepreneurs, investors, and trends in the broader energy markets.
A list of the inaugural members of the Investor Advisory Board can be found here.
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