Plug Power Expands Operations in Rochester, New York
Combined with a previously announced expansion plan in the Capital Region, the company has committed to investing nearly $6.5 million total to create more than 180 jobs statewide.
Plug Power CEO Andy Marsh said, "It's an exciting time to be in the clean energy industry, with people leaning in to support businesses that value corporate social responsibility. This deep understanding of the global challenges we face today and the need for clean, sustainable solutions, is creating demand within the alternative energy space.”
“The people behind Plug Power's technology are the driving force of hydrogen fuel cell innovation and adoption. With the support of Governor Cuomo and Empire State Development, we're looking forward to continually growing this community, providing more jobs to the hardworking people in the Finger Lakes Region,” he said.
"Plug Power is a key partner in New York State's nation-leading efforts to move away from dirty power sources and toward renewable energy products such as hydrogen fuel cells," Governor Andrew Cuomo said. "This new investment and expansion at Eastman Business Park will create new green jobs, boost economic growth and continue to move the Finger Lakes forward."
"Plug Power joins the growing list of companies expanding and creating jobs in Rochester and the Finger Lakes region," said Lieutenant Governor Kathy Hochul, who made today's announcement in Rochester. "This investment is a boost for good paying clean energy jobs and complements our statewide efforts to focus on renewable energy production to combat the growing threat of climate change."
According to the Governor’s Office the investment builds upon New York State's partnership with Plug Power, which includes a $45 million credit facility provided to the company by NY Green Bank in 2017 to support clean technology deployment and accelerate innovation.
Plug Power previously announced that it was investing nearly $2.8 million to create a model Hub and Spoke Fuel Distribution center and sub-assembly manufacturing facility in Clifton Park, Saratoga County. Empire State Development is supporting this project by providing up to $1.2 million in performance-based Excelsior Jobs Program tax credits.
Plug Power last year also announced that it had acquired Rochester-based American Fuel Cell, a company that received investment support from New York Ventures, Empire State Development's venture capital division. American Fuel Cell creates Membrane Electrode Assembly technology, which allows fuel cells to create power and generate clean sources of electricity. New York Ventures is dedicated to encouraging innovation and fueling economic growth in communities across the state.
Empire State Development President, CEO & Commissioner Howard Zemsky said, "New York State's strategic investments in advanced manufacturing and sustainable energy production are supporting innovators like Plug Power in developing new technologies that will drive both the Finger Lakes economy and build the state's commitment to clean energy industries."
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