NYSERDA Transcript 130th Program Planning Committee Meeting 2026-04-29
Green Bank Funds Buffalo Multifamily Geothermal Project
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Description
NY Green Bank closed a $20 million financing transaction with good carbon to fund more than 25 geothermal systems at affordable multifamily housing properties in Buffalo. The structure advances capital against anticipated incentives, enabling earlier deployment of clean heating in low-income buildings.
Contract Details
Contract Amount
$20 million
Vendor
GOOD CARBON
Agency
New York State Energy Research and Development Authority, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Issuing Agency
New York State Energy Research and Development Authority
State
Albany, NY
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