Renewables

GCEDC accepts incentives application from Plug Power

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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.

Anela Dokso

GWEC Webinar: Corporate Sourcing of Renewable Energy in South East Asia & Australia

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