Giving way to a collaboration between Israel and New York, the Empire State is holding a competition for Israeli startup technology companies to help solve the state’s utility challenges as it works to transform itself into a fully clean-energy user.
Announcing the competition earlier this week, Governor Kathy Hochul said, “New York and Israel have a long history of collaboration and a common interest in developing new clean-energy solutions that will address climate change and mutually benefit our power systems. The Smart Energy Challenge will give small startup firms the opportunity to work with a large utility and allow New York State to maintain its lead as an innovator as it moves aggressively towards a 100 percent zero-emission electric grid by 2040.”
As it stands, the New York Power Authority and Israel Smart Energy Challenge will award the winning start-up $1 million to collaborate with the power authority on smart-energy projects. This year’s focus is on, among other things, the next generation of electric-vehicle charging, artificial intelligence, energy storage and more.
According to the website, “The 2022 NYPA-Israel Smart Energy Challenge is a joint New York Power Authority and Israel Innovation Authority competition among innovative Israeli clean energy companies to support the New York’s clean energy transition and NYPA’s strategic priorities.”
Applications for the competition are being accepted through early April; the winner is expected to be announced in June.