The heating and cooling of buildings is responsible for around 33% of all greenhouse gas emissions in New York State

It comes as the two companies completed their previously announced deal, whereby Equinor sold a 50% interest in both the Empire Wind and Beacon Wind assets on the US east coast

Proposals are being sought from existing privately-owned hydropower and onshore wind generators that entered commercial operation before 1st January 2015

The wells release methane, which is many times more potent than carbon dioxide as a greenhouse gas and is second only to CO2 in its overall contribution to climate change

It has set a long term goal to transition its portfolio to net zero greenhouse gas emissions by 2040

It will ensure regional emissions are 65% below the baseline by 2030

The New York Climate Progress Programme will provide capital investments to support firms that create low carbon goods and services

The Direct Current Fast Charger programme aims to scale up EV infrastructure in areas where access to fast charging stations is limited

The construction of the project is predicted to create 350 jobs in the region

The new performance-based model is expected to deliver additional energy and bill savings of 10% to 30% for customers