SHARC Energy will build a combined wastewater energy transfer geothermal system in two buildings in the Bronx as part of New York’s Empire Building Challenge.

Ground source and district heat pumps could reduce N.Y.’s peak load by up to 12 GW, but it’s unclear whether their increased cost would produce net savings.

The IRA could provide New York up to $70 billion in energy incentives and reduce the cost of meeting emissions goals, the state’s Climate Action Council heard.