Other NYSERDA-Related
Press Releases - 2000
- With Heating Costs Rising, Community Capital Bank is First in Metropolitan
Area to Offer New State Energy Loans at 4.5% off Market Rate
- Evans National Bank First in Bufalo Area
to Offer New State Energy Loans at 4.5% Discount
- Hudson Technologies to Receive $250,000
from NYSERDA - 4/13/00
- Amidst Skyrocketing Oil/Gas Prices... NYSERDA
Offers New Yorkers Energy Tips To Cut Costs, Pollution As Earth
Day 2000 Dawns - 3/31/00
With Heating Costs Rising, Community Capital
Bank is First in Metropolitan Area to Offer New State Energy Loans
at 4.5% off Market Rate
FOR IMMEDIATE RELEASE
NYSERDA
Contact: Tom Collins
(518) 862-1090 ext. 3250
With energy costs spiraling higher and some experts predicting a
cold winter, Community Capital Bank has become the first bank in the
New York metropolitan region to offer a new State-sponsored loan program
which provides interest rate reductions of 4.5% for cost-saving energy-efficiency
measures and renewable technologies. Community Capital is also among
the first twelve banks in the entire State to adopt the program. Because
it cuts the cost of financing and reduces energy charges, the program
allows participants to save money twice.
The New York Energy $martSM Loan Fund, offered
by the New York State Energy Research and Development Authority (NYSERDA)
through the State's banks, finances modification to existing facilities.
Statewide, commercial/industrial, retail, agricultural, not-for-profit
and residential applications are all eligible.
With Community Capital, loans of up to $500,000 may receive interest
reductions for a maximum of five years.
The program only funds energy-related improvements. However, creative
financing packages involving multiple loan sources are permitted since
NYSERDA imposes no limit on the total cost of the project nor the
accompanying improvements that are not energy related.
Metropolitan area borrowers must be an electric distribution customer
of Consolidated Edison.
One or a combination of the following projects automatically qualify
for New York Energy $martSM interest reductions,
including loans to:
• Purchase Energy Star® windows and appliances;
• Install insulation, duct sealing and weather stripping;
• Purchase efficient residential boilers and water heaters;
• Upgrade or install nine categories of high-efficiency lighting;
• Upgrade or install 12 categories of heating, hot water and
air-conditioning equipment including heat pumps;
• Install efficient motors; and
• Install occupancy controls and Energy Management Systems.
Seven categories of renewable technologies also qualify including
solar hot water and heating, photovoltaics (solar cells), and wind
generators. Other, custom projects may also qualify but need to be
evaluated and approved by NYSERDA first.
NYSERDA is a public-benefit corporation established by the State
Legislature to address the State's energy and environmental challenges.
NYSERDA's New York Energy $martSM Loan Fund is financed
by a System Benefits Charge established by the New York State Public
Service Commission on five of the State's investor-owned utilities
to ensure that important R&D and energy efficiency deployment
efforts continue during the utilities' transition to competition.
Community Capital Bank, a full service commercial bank, was the first
community development bank in New York City. Its mission is to focus
on lending to revitalize low and moderate-income neighborhoods as
well as other communities throughout the City. Loans are extended
to multi-unit affordable housing, small business entrepreneurs and
non-profit organizations.
For information on the program contact Calvin Chan at (718) 802-1212
or at cchan@communitycapital.com.
-30-
Evans National Bank First in
Buffalo Area to Offer New State Energy Loans at 4.5% Discount
RELEASE: IMMEDIATE
CONTACT: Tom Collins, NYSERDA
(518) 862-1090 ext. 3250
Albany, NY – Evans National Bank leads the pack as the first
bank in the immediate Buffalo area to offer a new State-sponsored
loan program that provides interest rate reductions of 4.5% for cost-saving
energy-efficiency measures and renewable energy technologies projects.
Evans, with seven locations in its primary market of Southern Erie,
Northern Chautauqua and Northwest Cattaraugus Counties, is also one
of the first eleven banks in the State to adopt the program. Because
it reduces the cost of financing and reduces energy expenses, the
program allows participants to save money twice.
The New York Energy $martSM Loan Fund, offered
by the New York State Energy Research and Development Authority (NYSERDA)
through the State's banks, finances modifications to existing facilities.
Commercial/industrial, retail, agricultural, not-for-profit and residential
applications are all eligible.
Loans up to $500,000 may receive interest reductions for a maximum
of five years. The minimum loan size with Evans National is $2,500.
The program was developed to provide a stand-alone loan and only funds
energy-related improvements. However, creative financing packages
involving multiple loan sources are permitted since NYSERDA imposes
no limit on the total cost of the project nor the accompanying improvements
that are not energy related.
Buffalo area borrowers must be an electric distribution customer
of Niagara Mohawk Power or New York State Electric and Gas (NYSEG).
One or a combination of the following projects automatically qualify
for New York Energy $martSM interest reductions,
including loans to: purchase Energy Star® windows and appliances;
install insulation, duct sealing and weather stripping; purchase efficient
residential furnaces and water heaters; upgrade or install nine categories
of high-efficiency lighting; upgrade or install 12 categories of heating,
hot water and air-conditioning equipment, including heat pumps; install
efficient motors; and install occupancy controls and Energy Management
Systems. Seven categories of renewable technologies also qualify including
solar hot water and heating, photovoltaics (solar cells), and wind
generators. Other, custom projects may also qualify but need to be
evaluated and approved by NYSERDA first.
NYSERDA is a public-benefit corporation established by the State
Legislature to address the State's energy and environmental challenges.
NYSERDA's New York Energy $martSM Loan Fund is financed
by a System Benefits Charge established by the New York State Public
Service Commission on five of the State's investor-owned utilities
to ensure that important R&D and energy efficiency deployment
efforts continue during the utilities' transition to competition.
Evans National Bank is a full service, FDIC-insured commercial bank
with total assets of $208 million. The Bank offers a variety of loan
products including commercial loans, commercial and residential mortgage
loans and consumer loans, in addition to a full range of deposit services.
With seven locations, the primary market area of the Bank is southern
Erie County, northern Chautauqua County and northwestern Cattaraugus
County. For information on the program contact Jeff White at (716)
549-1000.
-30-
NEWS
RELEASE
HUDSON
TECHNOLOGIES, Inc.
275 North Middletown Road
Pearl River, New York 10965
FOR IMMEDIATE RELEASE, April 13, 2000
Contact: Brian Coleman
(914) 735-6000
HUDSON TECHNOLOGIES TO RECEIVE
$250,000 FROM NYSERDA
PEARL RIVER, NEW YORK, APRIL 13, 2000 – Hudson Technologies,
Inc. (NASDAQ: HDSN), a leading refrigerant services company specializing
in emergency recovery and decontamination services for large comfort
and process cooling systems, today announced that it has received
a commitment for $250,000 of research funds from the New York State
Energy Research and Development Authority (NYSERDA) to develop a system
to improve chiller efficiency and performance and to increase system
capacity.
NYSERDA’s commitment is the first of a two-phase project designed
to develop systems that, utilizing Hudson’s patented Zugibeast®
and its proprietary RefrigerantSide™ decontamination services,
will improve and optimize chiller performance and reduce overall energy
consumption. Kevin Zugibe, President and CEO of Hudson, commented
on the project, saying: “Chiller systems are among the highest
ranking energy consumers in commercial buildings. Improving the efficiency
of existing systems can offer dramatic energy savings to all public,
commercial and industrial sectors.”
Hudson and NYSERDA will jointly fund Phase I of this project, with
NYSERDA contributing $250,000 to the project. Mr. Zugibe stated: “We
are extremely pleased and honored by NYSERDA’s acceptance of
our proposal. NYSERDA’s participation will help to provide the
necessary resources to proceed with this project to the ultimate benefit
of our customers in all segments of the industry.”
"With about 11,000 commercial chiller systems in New York State alone,
the energy, economic and environmental benefits of improving chiller
efficiency are huge," said NYSERDA President F. William Valentino.
"Even incremental improvements in chiller efficiency will result in
substantial cost savings and reduced power plant emissions. NYSERDA
is pleased to help yet another New York State company develop a new
product that contributes toward this State's energy, economic, and
environmental goals."
NYSERDA, a public benefit corporation, supports research to develop
technologies that help New York save energy and reduce emissions.
NYSERDA also helps New York State businesses develop energy and environmental
products, commercializing the type of high-value added products that
give New York State businesses a real chance to compete in the expanding
global marketplace.
Founded in 1991, Hudson’s unique technology and specialty services
are designed to remove impurities frequently found in the refrigeration
circuits of large comfort cooling and process refrigeration systems.
These contaminants reduce performance, cause air conditioning system
outages and interrupt production. Hudson’s decontamination system
removes impurities rapidly and can be utilized while the client’s
system continues to function, offering significant savings to customers.
This technology has reduced system downtime by as much as 80 percent
when compared with conventional repair methods.
Safe Harbor statement under the Private Securities
Litigation Act of 1995: Statements contained herein, which are not
historical facts constitute forward-looking statements involve a number
of known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward- looking statements.
Such factors include, but are not limited to, changes in the markets
for refrigerants (including unfavorable market conditions adversely
affecting the demand for, and the price of refrigerants), regulatory
and economic factors, seasonality, competition, litigation, the nature
of supplier or customer arrangements which become available to the
Company in the future, adverse weather conditions, possible technological
obsolescence of existing products and services, possible reduction
in the carrying value of long-lived assets, estimates of the useful
life of its assets, potential environmental liability, customer concentration
and other risks detailed in the Company’s periodic reports filed
with the Securities and Exchange Commission. The words “believe”,
“expect”, “anticipate”, “may”, “plan”,
“can” and similar expressions identify forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date the statement was made.
[Following press release was originally issued
by Yahoo!]
Friday March 31, 9:30 am Eastern Time
Company Press Release
SOURCE: New York Energy Research and Development Authority
Amidst Skyrocketing Oil/Gas Prices... NYSERDA Offers New Yorkers
Energy Tips To Cut Costs, Pollution As Earth Day 2000 Dawns
ALBANY, N.Y., March 31 /PRNewswire/ -- To help New Yorkers who have
taken back-to back financial hits with duel energy shockers -- high
heating oil costs followed by increased gas prices -- the New York
Energy Research and Development Authority (NYSERDA) offers energy
tips that will cut costs year round.
"The total energy theme of Earth Day 2000, the 30th anniversary of
Earth Day (April 22) -- which will involve half a billion people worldwide
-- is the perfect opportunity to address energy efficiency and the
ways it can save consumers money,'' advises Rick Gerardi, Director
for Residential Energy Affordability at NYSERDA. ``By practicing just
a few of these energy- efficiency tips, New York residential consumers,
who already spend $386 more on energy than the national average, can
help save the environment as well as put money back in their pocketbooks.''
New Yorkers can learn more about Earth Day 2000 and win free energy-efficiency
prizes for the home by entering the Earth Day 2000 web contest at:
www.nyserda.org/earth.html.
"The single most important thing to remember when trying to cut energy
costs in the home is to look for the Energy Star® label when buying.
Products carrying the Energy Star label are the most energy-efficient
products on the market,'' notes Gerardi. The Energy Star label can
be found on the most energy-efficient appliances, heating or air conditioning
systems, home electronics, lighting, or windows.
NYSERDA offers these energy-efficiency tips to cut energy costs year
round:
* Look for the Energy Star label when replacing or shopping for
home and office energy-oriented products. Houses that replace existing
equipment with Energy Star products can cut annual energy bills by
30 percent (www.energystar.gov).
* Replace your existing light bulbs with more energy-efficient compact
fluorescent bulbs that use one-fourth the energy, last 10 times longer,
and are more cost efficient.
* The summer heat is on its way, and heating and cooling costs can
account for half of the average family's energy bill. Make sure your
air conditioning and heating system receives a proper "tune-up" each
year and replace air filters regularly. This will help the unit run
more efficiently. Window units should be sized properly for optimum
performance.
* Install a programmable thermostat that automatically coordinates
indoor climate with the year's fluctuating temperatures. This way,
you are increasing home comfort and reducing energy waste.
* Instead of spending money by leaving the lights on when you are
not at home, put timers on a few of the lights, or install motion
detectors on exterior floodlights to improve your home security while
saving energy and money.
* As the summer months approach, be sure your air ducts are not leaking
and are properly insulated. A house can lose up to 20 or 30 percent
of its energy from leaky ducts.
* Do some "window-shopping" this spring at the Efficient Windows Collaborative
web site, www.efficientwindows.org,
and upgrade your single-paned windows to energy-efficient windows
with double panes and low-emissivity coatings.
* Plug energy "leaks" with appropriate insulation, weather stripping,
caulking, and low-e or spectrally-selective windows, glass doors,
and skylights. Make sure your attic and/or ceiling are well insulated
-- as well as the rest of your home.
* Check your refrigerator for leaks on a regular basis. The proper
refrigerant charging could save you serious money at the end of the
year.
* Check out horizontal axis (front-loading) washers that use less
water and energy and get clothes as clean as conventional units. Be
sure to also investigate dryers with moisture sensors and high- efficiency
refrigerators.
* Make your PC as energy-efficient as possible. Activate "sleep" features
on computers and office equipment that power down when the equipment
is on but not in use for a while. Turn off equipment during long periods
of non-use to cut costs and improve longevity.
* If you are in the market for a new car, think high gas mileage to
save hundreds of dollars in fuel bills over the life of the car and
reduce pollution and greenhouse gas emissions.
NYSDERA also details energy-efficient programs on its web site that
can help save energy and money -- http://www.nyserda.org
NYSERDA, a public benefit corporation which supports research to
develop technologies that help New York save energy and reduce emissions.
NYSERDA also helps New York State businesses develop energy and environmental
products, commercializing the type of high-value-added products that
give New York State businesses a real chance to compete in the expanding
global marketplace.
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