Governor Hochul Announces Upcoming Expert Meeting to Discuss Clean Energy Expansion

The Future Energy Economy Summit, to be held September 4-5, will bring together state agencies and authorities, global and federal leaders, power producers, technical experts, labor groups, environmental groups, business groups and other interested stakeholders. The summit will examine how next-generation clean energy technologies can support the creation and expansion of commercial and industrial businesses, as well as how the state can accelerate the deployment of the emissions-free, dispatchable resources that will be needed to support its significant and ongoing efforts to expand renewable energy.

“As we continue to bring new economic and manufacturing opportunities to New York, we are ensuring these companies are aligned with our vision for a clean, renewable economy,” said Governor Hochul. “Supporting our historic investments in renewable energy, this summit will bring together the brightest minds to explore how we can accelerate our progress, what potential roles next-generation technologies can play in driving economic growth and jobs across our state, and how New York’s innovation ecosystem can support these industries of the future.”

The Governor appointed New York State Energy Research and Development Authority (NYSERDA) Board Chairman Richard Kauffman to chair the summit with contributions from leadership and staff from NYSERDA, the Department of Public Service (DPS), Empire State Development (ESD), New York Power Authority (NYPA), Department of Environmental Conservation (DEC), Department of Health (DOH), Division of Homeland Security and Emergency Services (DHSES), and the Department of Labor (DOL).

New York State anticipates major growth in electricity demand in the coming years, driven by historic economic development projects and increased adoption of electrification technologies in the buildings and transportation sectors. Building on New York State’s unprecedented and ongoing commitment to developing and accelerating renewable energy such as offshore wind, hydropower, solar, and onshore wind across the state, a key component of the summit will be to gather additional insights on technologies including next-generation geothermal, advanced nuclear, clean hydrogen, long-duration energy storage, and other emerging technologies.

The input received will inform the State’s strategies for using these technologies to support economic development across the State and provide context for the Public Service Commission’s (Commission) proceeding as it explores technologies that can help achieve the 2040 zero-emission electricity system goal established by the New York Climate Act.

NYSERDA and DPS staff are currently developing technology and economic studies on a variety of generation technologies that could complement the large-scale deployment of renewable energy in the state and play an expanded role in a decarbonizing economy. These studies will gather information and examine technologies ranging from small modular nuclear reactors to long-duration energy storage technologies to grid-forming inverters. The studies will complement the outcomes of this summit and inform the state’s options for future generation, including through the Commission process.

This summit will address key factors to consider in expanding supply chain investments for these technologies in New York, workforce opportunities, and how these investments can be leveraged to support significant load growth and low-carbon economic development across New York while benefiting underserved communities.

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