🎉Just released! NY Green Bank is proud to present our 2023–2024 Impact Report, highlighting advancements in clean energy finance and sustainable infrastructure across New York State. We reached key milestones in the past fiscal year, including: • Surpassing $2B in capital commitments since NYGB’s inception • Curtailing 5.7 million metric tons of lifetime CO2e emissions • Closing our first transaction with a software-as-a-service (SaaS) counterparty for building decarbonization • Committing nearly 50% of the $250M Community Decarbonization Fund within its first year Read the full report to learn more: https://lnkd.in/e9bsrXnf
About us
NY Green Bank, a division of NYSERDA, is a state-sponsored specialized investment fund dedicated to addressing financing gaps in clean energy and sustainable infrastructure markets. Our mission is to collaborate with the private sector to transform financing markets, accelerate clean energy investments, combat climate change, and equitably deliver economic and environmental benefits to all New Yorkers. As the largest green bank in the nation, NY Green Bank has committed over $2 billion across various technology segments—including building decarbonization, energy storage, clean transportation, wind, and solar—to advance New York’s green economy. Our transactions are designed for replication and adoption by the private sector, helping to animate the market and mobilize capital into underserved green sectors. These efforts not only bridge financing gaps but also actively shape a more inclusive and resilient clean energy market, laying the foundation for a greener future in New York State.
- Website
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https://greenbank.ny.gov/
External link for NY Green Bank
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Government Agency
- Founded
- 2013
- Specialties
- Credit enhancements, financing for construction & longer term post-construction, and short-term financing to enable developers to aggregate smaller distributed assets into portfolios at scale
Locations
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Primary
1359 Broadway
New York, NY 10018, US
Employees at NY Green Bank
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Jay Koh
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Katherine Mogg
Managing Director, Head of Legal and Regulatory Affairs at NY Green Bank
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Andrew Kessler
President at NY Green Bank
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Trond Rokholt
Energy Transition Finance Executive | M&A Advisory and Strategic Leadership | Restructuring Skills | Renewable, Sustainable, and Impact Investments |…
Updates
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Say goodbye to student loan debt and take control of your financial future by joining or continuing your career with New York State. 🎓💸Find out how you can be eligible for the Federal Public Service Loan Forgiveness Program! https://lnkd.in/eMadtRpv
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How does NY Green Bank support building decarbonization? Managing Director David Davenport explains how NYGB's investments help building owners and developers advance weatherization and electrification. By offering financing products that bridge capital gaps for projects too specialized or small for traditional lenders, NYGB ensures crucial decarbonization projects move forward. 🏙️Read the full interview: https://lnkd.in/ede4QXRB
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Save the date! On Oct 23rd at Solar & Storage Finance USA 2024, join NY Green Bank’s Kaitlin Butler as she hosts a panel with leaders at Macquarie Group, Arevon, and Greenbacker to explore strategies for securing capital in renewable energy and building lender confidence in solar investments. Learn more about the summit here: https://lnkd.in/gwZi-6iQ
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NY Green Bank reposted this
The 2024 ASHRAE Decarbonization Conference supported by NYSERDA begins in just 5 days! Join us in New York City, October 21- 23, as industry leaders and experts explore innovative ways to reduce carbon emissions in large, existing buildings. Cold climate, big challenges, let's solve them together! https://bit.ly/3zboiSm
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🗳️ Any New Yorker who is registered to vote can vote early by mail! It only takes a few minutes to request an early mail ballot. Learn more: https://lnkd.in/gsesHrac
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NY Green Bank reposted this
Decarbonizing buildings with energy efficiency upgrades, renewable energy, and all-electric equipment can lead to long-term savings for commercial and multifamily buildings. However, upfront costs can pose a challenge to implementation. Fortunately, there are several funding options to help commercial, industrial, and multifamily decision-makers move forward with their decarbonization projects. Learn more in our featured story. https://on.ny.gov/3MZQFGs
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NY Green Bank reposted this
As New York State’s clean energy economy develops, energy storage has a pivotal role. Integrating battery energy storage systems into the electric grid will enable clean energy from renewable sources like solar, wind, and hydropower to be stored and then made available when and where it is needed most. NineDot Energy is leading the way in the Bronx with a compact clean energy solution. This innovative battery energy storage installation brings grid benefits and decarbonization to a crowded urban area. Read more in our case study! https://on.ny.gov/4dfygAd
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Thank you to The Clean Fight for last week’s insightful #ClimateWeekNYC conversation on energy storage! We’re thrilled to have had Kelsey Clair, Managing Director at NY Green Bank, join this panel of clean energy leaders to discuss solutions for bridging the financing gap in storage development and advancing sustainability in New York.
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NY Green Bank reposted this
Climate Week NYC: It was a crazy week of events that has left me feeling simultaneously drained and energized! I learned a lot by hearing many different perspectives from world leaders, corporate CEOs, local politicians, developers large and small, investment banks, green banks, students and teachers, and many more. The main thing I am taking away from this week is comfort in knowing that I am not alone in this fight. I am surrounded by incredibly smart, capable people all working towards a common goal to solve the greatest challenge of our lifetime. I am so inspired by the work being done to think creatively, push boundaries, and expect better outcomes. As with anything, it's the people you meet that make all the difference. Thank you to everyone that shared in this experience with me and kept me going when my batteries were running low! I can't wait to see what we accomplish by this time next year! #NYCClimateWeek #CleanEnergy #Sustainability Kaitlin Butler Richard Burr Tweedy Katherine Dunn Andrea Justine Lee Kelley O’Keefe (Fairman) Trond Rokholt Konstantin Driker Meagan Gates Alberto Tardio Annalisa Ranaboldo Evan O'Connor Jason Moore Emma Bankier Ethan Forauer Anna Lulgjuraj Rosie W. Olivia Corriere Andrew Seiden Molly Rafelson Taylor Rowe Carlijn Goldberg NineDot Energy Orenda, Inc Enduring Planet Convergent Energy and Power Greenwood Sustainable Infrastructure MGN MicroGrid Networks LLC Isabelle Elizondo Douglass Sims Jason Patrick Trisha Miller Aurea Carvalho Women in Climate Investing & Finance Wood Mackenzie Natural Resources Defense Council (NRDC) The Clean Fight NYSERDA NY Green Bank
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