Government Technology: A joint initiative between New York’s statewide power utility and the smart lighting company Signify proposes to replace at least 500,000 streetlights across the state with new LED technology by 2025.
Through the initiative, called Smart Street Lighting NY, the New York Power Authority (NYPA) will offer low-rate loans as well as financial, technical and other support for municipalities that want to upgrade, according to a news release. Participating agencies will have the option to buy physical lighting assets from local utilities or Signify, which will also act as an adviser and strategic partner.
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