Energy

LI businesses charged up by low-cost juice

The New York Power Authority has approved another round of low-cost power allocations through the ReCharge NY program, with Long Island companies reaping the lion’s share of this round’s benefits. Gov. Andrew Cuomo’s office announced Thursday that NYPA’s Board of Directors has awarded reduced electricity rates to 11 Long Island companies through ReCharge NY, which Cuomo signed into law in 2011 to provide low-cost power to businesses that commit to job creation and new capital…


Patents, possibilities piling up at Energystics

By GREGORY ZELLER // Don’t call Reed Phillips a patent collector. Yes, he and his Stony Brook-based startup Energystics Ltd. – specifically, its trademarked Vibristor technology – are earning U.S. patents at an impressive clip: six to date, including an October nod from the U.S. Patent and Trademark Office covering the distinctive oscillating motions of magnets inside a proprietary wave-energy harvesting device. And yeah, the entrepreneurial inventor is expecting two more pending patents to be…


New York’s offshore dreams now have a blueprint

Albany has released a strategic plan to advance the development of offshore wind resources along New York’s coastline, including a giant wind farm 12 miles off Long Island’s shores. Governor Andrew Cuomo on Thursday announced publication of the New York State Offshore Wind Blueprint, a 24-page (including acknowledgements and indexes) framework for the responsible generation and transmission of coastal wind-generated electricity. The blueprint was created by the New York State Research and Development Authority with…


Proposed plant applauds renewable/fossil study

As renewable programs struggle to set a new national energy tone, the Long Island-based subsidiary of a major independent power producer is lauding a new international study calling for greater collaborations between renewable sources and “fast-reacting fossil-fueled generation.” The idea, according to a white paper recently released by the Massachusetts-based National Bureau of Economic Research, is that “intermittent and non-dispatchable renewable energy resources” like solar and wind aren’t reliable enough to meet growing energy demands…