A Glimpse of the Planned New York Climate Exchange Facility on Governors Island
Already serving as the home of several environmental initiatives such as the Billion Oyster Project’s shell collection operation center, in April 2023, following a two-year competitive, Mayor Eric Adams and the Trust for Governors Island selected the New York Climate Exchange as the anchor research and education institution on Governors Island. Located in New York Harbor, the 172-acre former army and coast guard facility is a member of the Harbor Climate Collaborative, a joint initiative between three mission-aligned public entities with sites along New York Harbor — the Trust for Governors Island, New York City Economic Development Corp. (NYCEDC), and Brooklyn Navy Yard Development Corp. (BNYDC), establishing a center of “burgeoning climate innovation ecosystem in New York City according to the Governors Island website. The $700 million project is comprised of two all-electric buildings totaling 400,000 square feet to be anchored by Stony Brook University. A photovoltaic (PV) canopy, which converts light into electricity, will connect the buildings that will be constructed with sustainable mass times as their primary structural material, with solar and geothermal systems largely produced on site will be utilized. Both academic and community programs will be offered, as well as workforce development opportunities with over 6,000 green job trainees annually. In support of the project, the Simons Foundation, alongside Simons Foundation International, pledged a combined total matching gift of $100 million in 2023, and Bloomberg Philanthropies announced a $50 million contribution. Groundbreaking is expected to take place in the fall of 2026, with a planned opening in the fall of 2029.
Source: https://www.govisland.com/climate-solutions/the-new-york-climate-exchange