Oneonta, NY (May,6, 2014) - Earlier this year, Governor Andrew Cuomo (NY) in collaboration with the New York Energy Research and Development Authority (NYSERDA) and New York Battery and Energy Storage Technology (NY-BEST) announced funding awards to several New York State firms.
This funding will help transition new energy storage technologies with proven technical feasibility to working prototypes which promote renewable energy.
“Investing in New York’s cleantech economy will revolutionize the way we store and transfer energy while creating jobs and supporting our state’s clean energy businesses,” Governor Cuomo said. “This funding will help to create new opportunities for manufacturers and researchers around the state to commercialize their products, help the environment by reducing energy use, and ultimately continue to grow our state’s green economy.”
Custom Electronics, Inc. (CEI) was awarded $250,000 to develop a new electric capacitor for power conditioning applications. Utilizing a flexible manufacturing process, this new capacitor is expected to provide a greater energy density and tolerance to temperature. The firm will collaborate with Binghamton University on the project.
CEI has been awarded several NYSERDA grants in recent years. In 2012, the firm was funded for the research and development of a graphene electrolytic capacitor and in 2013, CEI also received backing for the development of an improved ultracapacitor technology.