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GE Vernova Expands Niskayuna, New York, Research Operations

02/01/2025
Energy equipment manufacturing and services company GE Vernova plans to expand its operations in Niskayuna, New York. The approximately $96 million project is expected to create 75 jobs in Schenectady County.

The investment includes the construction of two new laboratories focused on electrification and decarbonization, the expansion of existing facilities on the campus, and the rehabilitation of two buildings at the company's Renewable Learning Center.

“GE Vernova is committed to strengthening its world class research and development center designed to advance the world’s progress in the energy transition, continuing our long history of innovation here in the Capital Region,” said GE Vernova Advanced Research Vice President David Vernooy. “This investment aims to enable game changing technologies through state-of-the-art labs, a new customer experience center, and collaboration space to advance partnerships with governments, customers, thought leaders and innovators alike. We are ready to lead, and excited about the breakthroughs this investment will bring forward.”

To support the project Empire State Development has agreed to provide up to $9.635 million in performance-based Excelsior Jobs Program tax credits. Additionally, Schenectady County Metroplex Development Authority has been invited to pursue FAST NY grant funding to support future on-site infrastructure projects.

“Under Governor Hochul's leadership, New York State continues to invest in the companies, technologies and jobs of the future to promote sustainable economic growth,” noted Empire State Development President, CEO and Commissioner Hope Knight. “GE Vernova's Advanced Research Center has a rich history of next-generation developments, and the investments announced today will create new jobs and support new solutions to complex challenges that further the Capital Region's legacy of innovation.”

GE Vernova has been awarded 9,440 kW through the New York Power Authority’s RechargeNY low-cost power program.

“General Electric’s legacy of innovation is closely tied to Schenectady County, and this $96 million investment will help ensure that clean energy jobs of the future remain here in New York State,” added New York Power Authority President and CEO Justin E. Driscoll. “With support from NYPA low-cost hydropower, GE Vernova’s expansion will help develop and explore new, transformative technologies that will help decarbonize our state and others, and strengthen our electric grid.”

GE Vernova was formed from the merger and subsequent spin-off of General Electric's energy businesses in 2024. The company brings together GE’s portfolio of energy businesses including Power, Wind, Electrification and Digital businesses.

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