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POWER UP Grant Program

POWER UP Grant Program

Offers research teams and institutions for POWER UP Grant in semiconductors, energy systems, and artificial intelligence.

Between cyclesEmpire State DevelopmentUnited StatesProjects in New York
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About

POWER UP — Promote Opportunity with Electric Readiness for Underdeveloped Properties — is a New York State capital grant programme administered by Empire State Development that funds proactive development of electric capacity to create power-ready and shovel-ready industrial sites. The FY2025–2026 appropriation is $100 million, and the programme ceiling extends to up to $300 million subject to add…

What this grant funds

Proactive electric capacity development to create power-ready and shovel-ready industrial sites in New York State, targeting semiconductor, EV, AI, and advanced manufacturing projects.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.$100M
Funding analytics

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Industries

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Eligibility criteria

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Timeline

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Where founders trip up

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Last verified: 22 Jul 2026Source: esd.ny.gov