New York State needs more secure, sustainable, and cleaner transportation solutions. Its transportation sector accounts for more than three-quarters of petroleum fuel use in the State and emits 68 million metric tons of CO2 equivalent. That is about 40% of the State’s greenhouse gas emissions. New York is supporting innovations that enhance mobility, improve efficiency, reduce congestion, and diversify fuel options. To complement that effort, NYSERDA is exploring market interventions to increase the presence of smart mobility solutions and provide resources to communities that do not have enough bandwidth to undergo feasibility studies and implementation plans. A key market segment is small and mid-size cities that could realize strong benefits from even smaller scale deployments.
NYSERDA asked the Capstone team to assess the technical and financial feasibility of implementing smart mobility solutions that will reduce greenhouse gas emissions and improve economic development in an Upstate New York Small City. The Capstone team may consider co-factors that enable broader smart cities applications beyond mobility (e.g., community-wide broadband, public safety, advanced building controls). Tasks will include interviewing City representatives to identify transportation pain points (e.g., congestion, parking); researching technology solutions that can address the identified issues (e.g., traffic light controls, sensors); and performing a deeper dive into funding, financing, and business models that could be used to support not just the installation but also the continued operation of the proposed technologies (e.g., municipal bonds, revenue sharing).