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Posted on: May 3, 2022

National Grid Commits $750,000 in Economic Development Funding to Advance Cohoes, Floating Solar

Grant will Support Key Installation Costs along with K-to-College Education, Workforce Development, and Research Components of Model Clean Energy Project

Cohoes, N.Y. (May 3, 2022) – The Cohoes, N.Y. Municipal Floating Solar Demonstration project received a major boost today with the announcement by National Grid that the company is committing $750,000 in economic development funding to advance the model clean energy project. 

The National Grid grant builds on the foundational $3 million federal investment in this first-of-its-kind in the country floating solar project, secured by U.S. Senate Majority Leader Chuck Schumer and Congressman Paul Tonko in March.

 “The Cohoes Floating Solar project provides an unprecedented opportunity to localize power generation and drive down costs, all while shoring up our nation’s clean energy goals,” Tonko said. “I was proud to secure federal funding for this initiative through our FY2022 Community Project Funding process, and I’m thrilled to see these critical resources now being delivered. National Grid's announcement today builds powerfully on that investment, and I commend them for their strong support of this project that will serve as a model for communities across the nation.”

  “I was so pleased to work with my friend Congressman Paul Tonko to secure $3 million for the City of Cohoes’s trailblazing Floating Solar array project.   And it is tremendous that National Grid is stepping up in a big way with an additional $750,000 towards the effort.  This project has it all:  renewable resources, high technology, energy savings, climate action and taxpayer savings.   I am so excited to see it in action, and truly believe that Mayor Bill Keeler and his team are creating a model for the rest of the country.   I appreciate National Grid recognizing this as well, and joining this impressive project,” U.S. Senator Chuck Schumer said.

 In addition to supporting key costs to install floatovoltaics on the city’s water reservoir, the National Grid Renewable Energy and Economic Development Grant also includes a $50,000 investment in the K-to-college education, workforce development, and university research components of this model project.

“National Grid is committed to a sustainable future,” said Rudy Wynter, president, National Grid, New York. “This innovative floating solar initiative is a perfect example of our commitment to building that future in communities that need it the most. We commend the City of Cohoes for their vision, as well as Congressman Tonko and Senator Schumer for their support of that vision. With a lifespan of 30 years, this floating solar array has the potential to result in significant energy savings for the city and serve as an example for other potential sites across the state.”

read full press release here

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