News

March 26, 2010

Ulster Initiative Gains State Green Tech Grant

By: by Mid Hudson News

Source:

KINGSTON - The Hudson Valley Center for Innovation, based in Lake Katrine, will be receiving funding as part of the iClean initiative, an incubator and accelerator to help spur alternative energy technology.

"The idea behind this is to encourage and stimulate entrepreneurs, inventors and visionaries in alternative and renewable energy technologies," said Les Neumann, the managing director of the Hudson Valley Center for Innovation.

"It's in order to get new products and services into the market and help them commercialize here in the Hudson Valley," he said.

"We're looking at boiler technologies, a lot of wind, solar, geothermal and hydrogen technologies. It's a whole myriad of things that we have on our plate right now, everything but oil and coal." 

Neumann announced the grant during a morning breakfast at the 721 Media Center in uptown Kingston Wednesday.

Neumann's group will share a $1.5 million grant, awarded by the New York State Energy Research and Development Authority (NYSERDA), to help develop these new technologies with the Saratoga Technology Energy Park and Albany NanoTech center.

Neumann said the grant will help fund and subsidize the growth of new ideas and bring them to market.