The PowerMarket (thepowermarket.com), a platform and marketplace that allows customers in the greater New York City area to participate in local community solar projects, announces the first ever project to go live in ConEdison service territory. Community solar allows individuals and businesses to share in the benefits of solar with no upfront cost and without installing panels on their roof.
The PowerMarket will be available in all five boroughs and Westchester County, with over thirty households in Westchester already signed up.
"Through the PowerMarket, people save money on their monthly electricity bill while supporting renewable energy development in their communities," says Eric Dahnke, CEO and founder of the PowerMarket. Customers can expect to see the benefits of participation in the project in March 2017.
The PowerMarket is a product from ProjectEconomics Inc, a community solar solution provider and member of ACRE at the Urban Future Lab (UFL) at the NYU Tandon School of Engineering. ACRE is New York City's business incubator for smart cities, smart grid, and clean energy. UFL hosts several programs focused on educational, policy, and market solutions to the issues of sustainability.
"Initiatives such as the PowerMarket will help New York continue to be a place for pioneering energy solutions and a leader in the clean energy sector," said Pat Sapinsley, managing director of cleantech initiatives at the UFL. "Optimizing renewable energy distribution systems such as community solar will help reduce dependence of fossil fuels, removes barriers to supporting renewable energy, and allows all individuals access to clean and local solar power."
The PowerMarket
The PowerMarket allows households and business to participate in local community solar projects. We provide customer acquisition, management and billing solutions for solar developers, community groups, and municipalities looking to develop community solar projects in their communities. The PowerMarket is a product of ProjectEconomics Inc, a provider of community solar solutions. They are based out of the ACRE incubator at the Urban Future Lab.
About the Urban Future Lab and ACRE
The Urban Future Lab (UFL) at the NYU Tandon School of Engineering is New York City's premier innovation hub for smart cities, the smart grid, and clean energy. The UFL is home to programs focused on policy, education, and market solutions for the green economy. ACRE, the UFL's flagship program, is a business incubator that supports the growth of high-impact early-stage venture companies addressing climate change. ACRE incubator companies receive 24/7 access to desk space and conference rooms at an office in Downtown Brooklyn in addition to professional business advisory and support services (legal, accounting, design) and introductions to ACRE's network of market partners, investors, mentors, and startup resources. The UFL and all its programs are supported by New York State Energy Research and Development Authority (NYSERDA), New York City Economic Development Corporation (NYCEDC), National Grid, Wells Fargo, and Lowenstein Sandler. More at ufl.nyc.
About the NYU Tandon School of Engineering
The NYU Tandon School of Engineering dates to 1854, when the New York University School of Civil Engineering and Architecture as well as the Brooklyn Collegiate and Polytechnic Institute (widely known as Brooklyn Poly) were founded. Their successor institutions merged in January 2014 to create a comprehensive school of education and research in engineering and applied sciences, rooted in a tradition of invention, and entrepreneurship and dedicated to furthering technology in service to society. In addition to its main location in Brooklyn, NYU Tandon collaborates with other schools within the country's largest private research university and is closely connected to engineering programs in NYU Abu Dhabi and NYU Shanghai. It operates business incubators in downtown Manhattan and Brooklyn and an award-winning online graduate program. For more information, visit http://engineering.nyu.edu.
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