New York Power Authority (NYPA) generates electricity and transmits and sells it on wholesale basis. It serves municipal and investor-owned utilities, community owned electric systems, not-for-profit businesses, government entities, rural electric cooperatives, high load factor industries and other businesses across New York State, various public corporations in south-eastern New York within the metropolitan area of New York City, and neighboring states.

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NYPA has undertaken several R&D initiatives focused on transforming New York State’s energy infrastructure. These initiatives include the development of energy storage technologies, the implementation of ultra-fast electric vehicle charging systems in grid-constrained areas, and the creation of long-duration energy storage demonstration projects. NYPA is also working on decarbonizing its buildings and vehicle fleet, with a target to electrify 100% of its light-duty fleet by 2030. Additionally, NYPA is involved in transmission modernization and expansion projects to integrate renewable energy sources and improve grid resilience. The R&D unit of the company is the Advanced Grid Innovation Laboratory for Energy. This unit is responsible for providing research and development tools to transform the energy infrastructure of New York State and acts as a testbed for new and innovative technologies that support the company's strategic priorities.