Memorandum in Support - S.3108 (Parker)
S.3108 (Parker) – AN ACT to amend the public authorities law, in relation to emerging technology industrial classifications for clean environment and energy technologies
The Independent Power Producers of New York, Inc. (IPPNY) is a trade association representing companies involved in the competitive power supply industry in New York State and in the development of electric generating facilities, the generation, sale, and marketing of electric power, and the development of natural gas transmission facilities. IPPNY Member companies produce the majority of New York's electricity, utilizing hydro, nuclear, wind, natural gas, solar, energy storage, biomass, oil, and waste-to-energy.
IPPNY supports S.3108 (Parker). This bill would help foster private sector investment in clean energy technologies to reach the Climate Leadership and Community Protection Act’s target of a zero-emissions power system by 2040. The legislation would also help to maintain electric system reliability as the State’s economy transitions to electrification. Those technologies must be significant in capacity and able to operate continuously and flexibly over many hours or days. The bill would send a market signal for needed technologies to be commercially available and cost-effective.
This legislation would amend existing law pertaining to emerging technology industrial classifications within the purview of the New York State Science and Technology Foundation and the New York State Department of Taxation and Finance. Existing law defines “emerging technologies” to include those such as thin films, membranes, superconductors, electronic and photonic materials, and catalysts. The bill would incorporate “clean environment and energy technologies” that involve renewable resource energy generation and storage, new and innovative emissions reduction methods, and energy efficiency measures. These technologies also would include automated or computerized energy control systems, which are designed to deliver electric generation to the end use customer using the latest advances in digital and informational technology. The technologies would improve electric system efficiency, reliability, and security.
Adding clean environmental and energy technologies to the list of emerging industrial classifications would attract more investment to this state. New York should continue its leadership in clear energy resources, while maintaining reliability, improving the economies and health of local communities, and increasing affordability.
For the reasons stated above, IPPNY supports S.3108 (Parker).
