The Genesee County Economic Development Center (GCEDC) has accepted an initial application for incentives from Plug Power for a proposed $232.7 million green energy technology facility at Western New York Science & Technology Advanced Manufacturing Park (STAMP).
The project will produce green hydrogen using an electrolysis process of water utilizing renewable hydropower.
Under the terms of a proposed 20-year PILOT agreement, Plug Power would pay approximately $2.3 million annually to support local municipalities and infrastructure, including Genesee County, the town of Alabama, and the Oakfield-Alabama Central School District. Plug Power will also invest $55 million for the construction of a 345/115KV electric substation in partnership with the New York Power Authority and National Grid to support future expansion and growth opportunities at STAMP.
Add EnergyNews.biz as a preferred source on Google
