ReWire Group Joins UAlbany START-UP NY Program
ALBANY, N.Y. (Oct. 20, 2022) — The University at Albany announced ReWire Group, one of the Capital Region’s leading energy advisory firms, is joining its START-UP NY program. ReWire has also committed to using space at the UAlbany Innovation Center in ETEC.
The firm will work on the development of an energy management platform to digitize its model for transitioning its commercial, municipal and industrial customers to lower their carbon footprint and incorporate the full use of renewable energy technologies. The company, partnering with UAlbany through the START-UP NY program, plans to invest intellectual capital and innovative product ideation at ETEC, creating at least 75 net new jobs locally over the next 5 years.
“We are pleased to welcome ReWire Group to the University at Albany,” said UAlbany’s Vice President for Research and Economic Development Thenkurussi (Kesh) Kesavadas. “Today’s announcement is one more example of how the UAlbany Innovation Center is serving as a key driver for the next generation of world-changing technology companies that are focused on some of the most critical issues of our day.”
Based in Saratoga Springs, ReWire is a New York State Certified Minority Business Enterprise (MBE) and a NYSERDA Approved Clean Energy Training Firm. ReWire is focused on delivering energy and sustainability-related advisory, product and service solutions for public and private sector clients across the region. ReWire serves municipal, commercial, industrial and institutional customers through a combination of energy and financial modeling programs, software application and platform development, process automation and new technology deployment.
“Joining UAlbany’s Start-Up program and ETEC was a natural fit for our firm,” said ReWire partner Al Evans. “As we help public and private clients navigate the busy intersections of renewable energy usage, sustainability, technology and related revenue streams, our expertise is an ideal fit for ETEC and the future of UAlbany. We’re proud to partner with New York State, SUNY, UAlbany, NYSERDA and many others to help drive innovation and job growth in Tech Valley.”
As a START-UP NY participant sponsored by UAlbany, ReWire will be joining at an ideal time to collaborate with faculty and student teams on software design along with the development and testing of new solutions for rising energy costs. They will also work together to build competitive advantages for companies and organizations seeking to move toward efficiency and renewable energy sources while providing real-world business and technical experiences for employees and students. Ultimately, students and graduates will be considered for internship and employment opportunities.
About START-UP NY
Launched by in 2014, START-UP NY is an innovative tax incentive program that partners new, growing and relocating businesses with New York State’s large network of public and private colleges and universities.
Through the use of tax incentives which significantly reduce state and local taxes for participants, the program encourages businesses to create new jobs while establishing a meaningful, mutually beneficial partnership with its college or university sponsor. These partnerships enable companies to access faculty, industry experts, equipment and advanced research facilities associated with the schools, and create new opportunities for students to receive first-hand experience and internships with START-UP NY businesses.
Each college and university’s approved START-UP NY plan is available at www.startup.ny.gov.