The New York State Energy Research and Development Authority (NYSERDA) signed a deal with the Danish energy ministry for the expansion of the memorandum of understanding (MoU) through 2025 for clean energy like carbon capture, utilization, and storage (CCUS), and green hydrogen.
Relevant: New York Launches A $9 Million Carbon Capture Utilization And Storage Fund
NYSERDA and Denmark agreed earlier this year to share knowledge and investment from Denmark to New York to improve energy efficiency and complete electrification upgrades in high-rise buildings in New York State.
They have signed a memorandum of understanding (MOU) for strategic partnership focusing primarily on NYSERDA’s $50 million (£35m) Empire Building Challenge, which is expected to leverage more than $250 million (£176m) in private investment in building upgrades, testing, and technology.
The two regions have also an earlier collaboration together to cooperate regarding strategies and solutions for the development of offshore wind energy. They signed a Memorandum of Understanding in 2018 as part of accelerating New York’s goals for economy-wide carbon neutrality by 2050.
Now the agreement has been extended and will foster a diverse portfolio of solutions focusing on deploying mechanisms for low carbon technology products. That includes developing innovative finance solutions for carbon capture and utilization projects, building best practices for project development, siting, and workforce training, and sharing knowledge regarding supply chain challenges.
Relevant: NYSERDA Will Fund Two New Cleantech Accelerators
The new agreement between NYSERDA and Denmark will aim to mark achievements towards the common goal of accelerating clean energy and the green transition. Developing a stronger relationship between New York and Demark and joining efforts will improve the chances of success in accelerating carbon capture and green hydrogen deployment.
