We had a great time at New York Solar Energy Industries Association's Solar + Storage Summit this week! NYCEEC's Erangi Dias got to catch up with some familiar faces, including Solar One, and talk about all things Solar + Storage with other industry leaders.
New York City Energy Efficiency Corporation (NYCEEC)
Financial Services
New York, NY 1,935 followers
If your project saves energy or reduces greenhouse gases, we can finance it.
About us
NYCEEC is a 501(c)(3) not-for-profit corporation that finances energy efficiency and clean energy projects that save energy and reduce greenhouse gas emissions. We are a 501(c)(3) mission-driven lender. NYCEEC’s mission is to deliver financing solutions and advance markets for energy efficiency and clean energy in buildings. NYCEEC’s vision is energy efficiency and clean energy financing for buildings to achieve scale and be accessible to all. Learn more: https://nyceec.com. We are based in NYC and lend throughout the northeast and mid-Atlantic region, providing loans for buildings located in New York City, as well as Connecticut, Delaware, the District of Columbia, Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island. NYCEEC’s loans help buildings invest in energy efficiency and clean energy to save money, improve the environment and build sustainable communities. We work with all building types and across all neighborhoods. We partner with financial institutions like Bank of America, Deutsche Bank, Fannie Mae, Enterprise, CDFIs and affordable housing agencies to build green financing markets. Our transformative market-based strategies can overcome barriers and scale investment. Our focus includes high-impact areas like LMI communities, solar and storage, net zero energy buildings, and scalable products like C-PACE and ESAs. We are partnering with New York City to reduce the City’s GHG emissions 80% by 2050. Together with lending institutions, policymakers and philanthropies, NYCEEC is working to solve the challenge of climate change. NYCEEC is not an agency or unit of the City of New York, New York State or any governmental body.
- Website
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https://nyceec.com
External link for New York City Energy Efficiency Corporation (NYCEEC)
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Nonprofit
- Founded
- 2010
- Specialties
- Clean Energy, Financing, Energy Efficiency, Building Retrofits, Financial Services, Renewables, High Performance Buildings, Affordable Housing, and EV Charging Infrastructure
Locations
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Primary
Get directions
1359 Broadway, Fl. 19
New York, NY 10018, US
Employees at New York City Energy Efficiency Corporation (NYCEEC)
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Renwick Paige
Chief Executive Officer at Energy Infrastructure Partners LLC
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Marian Weber
Green Banks and Climate Tech | Currently at NYCEEC, former Bionic, Opower, Goldman Sachs
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Bruce Schlein
OMERS Infrastructure | Director, Global Head of ESG
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Jay Merves
Clean Energy Finance at New York City Energy Efficiency Corporation
Updates
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Congratulations to Elemental Excelerator on publishing their latest report: Closing the $150B Funding Gap with 'Old Tools' and 'New Friends'! NYCEEC is proud to be a 'New Friend' of Elemental, and we're excited to tackle the climate tech funding gap as part of these collaborations!
🧗🏽♀️Exciting News! We are thrilled to announce the release of “Traversing the Climate Technology Scale Gap,” a collaborative report with Boston Consulting Group (BCG) and BCG X that delves into the critical challenges and opportunities in scaling climate technology. Over the last year, we have engaged with over 100 investors from across the climate capital stack to talk about the $150B scale gap that is hindering early-stage commercial deployments. In these conversations, we uncovered a promising idea: with a few thoughtful adjustments, we already have what it takes to de-risk investments in the scale gap. 👀 A combination of existing financial instruments (“old tools”) 🧰 and strategic partnerships (“new friends”) 🤝can mitigate the risks associated with early-stage climate technology projects and eliminate the “green premium” that has made it too expensive to reduce global emissions at the necessary scale to combat climate change. Read the report to learn more about how we are traversing the scale gap: https://lnkd.in/g6gMXhep A heartfelt thank you to the many friends, old and new, who made this report possible. To the BCG contributors Parham Peiroo, Veronica Chau, Katie Hill, Raju Sarma, Vinay Shandal, Michael Bernstein. And to our Elemental team: Melissa Uhl, Dawn Lippert, Saritha Peruri, Avra van der Zee, and Danya Hakeem.
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You may have noticed that NYCEEC is looking a little bigger these days! Our team has grown so much and we're excited to highlight our newest team members! Sarfraz Ahmed joined NYCEEC in the fall of 2023 as an Associate. He will be supporting various NYCEEC functions including fiscal operations, grants management, and PACE administration. Yajun Li also joined NYCEEC in the fall of 2023 as an Associate. She will be supporting the business development team in originating and closing new transactions. Apara Janardhanan joined NYCEEC in December of 2023 as a Director on our Legal team. She has extensive experience in a wide range of legal and operational roles, including recently serving in the City's Department of Citywide Administrative Services. Susannah Rosato joined NYCEEC in February, also as a Director on our Legal team. She has experience representing institutional lenders, regional banks, and private equity funds in commercial real estate financing transactions. We're so excited that the NYCEEC team is expanding - please join us in celebrating these four! Sarfraz's bio: https://lnkd.in/g-9GaJiR Yajun's bio: https://lnkd.in/grBShFCU Apara's bio: https://lnkd.in/gxykS3NU Susannah's bio: https://lnkd.in/giFdbPJ8
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NYCEEC is thrilled to announce that we are now an official member of Opportunity Finance Network! We are excited to grow our work collaborating with community lenders across the country! #opportunityfinancenetwork #communitylending #cdfi #greenbank
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Happy #DaylightHour from the NYCEEC team! We're turning the office lights off from 12-1pm today to bask in the natural sunlight - are you? The goal of this year's campaign is to save 40 Empire State Buildings' worth of energy in one hour! Learn more about daylight hour here: https://daylighthour.org/ Building Energy Exchange
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New York City Energy Efficiency Corporation (NYCEEC) reposted this
#PACENationSummit2024 was a resounding success last week, and we couldn't have done it without our amazing Co-Host and Summit Partners! Together, we're driving positive change in the world of PACE financing. Here's to continued collaboration and a brighter, more sustainable future! #PACEfinancing #Sustainability #NMAAM #Nashville #Collaboration #Innovation Erica S Gilmore New York City Energy Efficiency Corporation (NYCEEC) R.E.D. Academy® of Urban League of Middle Tennessee
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New transaction announcement! NYCEEC recently provided an approximately $1.2 million loan to the American Academy of Dramatic Arts (AADA) to finance a building electrification project to upgrade their HVAC and hot water systems. The construction-to-term loan will finance the transition from an oil burning heating & cooling system to an all-electric variable refrigerant flow (VRF) HVAC system, as well as a hot water heat pump. The project is expected to have a reduction in energy usage of about 63%, compared to baseline usage, and should save approximately 3,300 MTons of carbon dioxide equivalent from being released to the atmosphere. Read more about the project here: https://lnkd.in/eTgbCHK3 #electrification #decarbonization
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The PACENation 2024 Summit was a great success last week! NYCEEC's Kyle Madden-Peister provided valuable insights on Day 1 of the Summit during the CLE course: Managing and Closing Complex C-PACE Transactions. We're proud to be a 2024 Summit Partner - thank you to PACENation for hosting another great summit! More information: https://lnkd.in/gNVqwBQ Sarfraz Ahmed
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New York City Energy Efficiency Corporation (NYCEEC) reposted this
NY Green Bank is excited to announce the completion of two transactions with New York City Energy Efficiency Corporation (NYCEEC) to support energy-efficient, affordable housing in Brooklyn and the Bronx. ➡️ In Brooklyn, NYGB has committed up to $1.75 million of funding toward a $3.5 million predevelopment loan, offering crucial financial backing for a Passive House-certified, 172-unit affordable housing project in Coney Island, where NYCEEC is the lead lender. Impact-driven developers face challenges securing funding for building decarbonization in underserved communities, and NYGB is proud to provide this support. ➡️ In the Bronx, our $1.25 million participation in a $2.5 million predevelopment loan deploys NYGB capital to support NYCEEC’s predevelopment loan investing in an all-electric 72-unit affordable housing development. A shortage of quality housing choices is especially challenging for low-income earners. NYGB addresses this challenge by providing capital to experienced lenders and development teams during the predevelopment phase, enabling project teams to plan and design effectively. Learn more about our Brooklyn transaction: https://lnkd.in/epVVaqqx Learn more about our Bronx transaction: https://lnkd.in/ebyPURTB
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