Albany County Executive Daniel McCoy, Albany Mayor Kathy Sheehan, and the College of Nanoscale Science and Engineering Chief Executive Officer Alain Kaloyeros today announced a three-way financing agreement for the Zero Energy Nanotechnology (ZEN) building currently under construction on the college’s Fuller Road campus.
The under-construction, $200 million ZEN building will house renewable energy and clean-tech research. It is designed to operate as a zero-energy building — hence ZEN — that generates its own power.
Citing "misinformation in the media" that led to a "misunderstanding of the intent of the application," the Albany College of Nanoscale Science and Engineering withdrew its application to the Albany County Industrial Development Agency for financing for a new building at the Washington Avenue complex.
The under-construction $200 million ZEN building will house renewable energy and clean-tech research. It is designed to operate as a zero-energy building — or ZEN — that generates its own power. Although located in the Albany city limits, it will generate zero tax dollars.
The SUNY College of Nanoscale Science and Engineering in Albany is hosting the final round of the $500,000 New York Business Plan Competition today. The fifth annual event features 92 student-led teams representing 36 colleges and universities from across New York.
Student entrepreneurs from across the state, hoping to transform ideas into actual, viable technology, are competing now in Albany. Contests were held this month to select winners in each region of the state: those winners have advanced to the Grand Prize competition.
The Albany College of Nanoscale Science and Engineering is positioned to merge with the SUNY Institute of Technology in Utica. A new college would be created. A draft summary of the merger plan, obtained by the Utica Observer-Dispatch, says the new school would be called SUNY Institute for Nanoscale Science, Engineering and Technology, or SUNY INSET. Expectations are the merged institution's Marcy facility would provide the Mohawk Valley with the strong, technologically trained workforce it needs to attract more high-end technology companies.
The SUNY Board of Trustees has given the green light to separate the University at Albany and the College of Nanoscale Science And Engineering. While there are some concerns, officials seem to agree they are taking steps in the right direction.
Last week, the trustees voted 13 to 3 in favor of splitting the colleges into two separate entities.