Mario Marroquin
An energy firm from Albany County is eyeing Genesee for a hydrogen production facility.
Plug Power of Latham is considering a lot in the 1,250-acre Western New York Science and Technology Advance Manufacturing Park, or STAMP, in the Town of Alabama for a $264 million production facility that would create up to 62 full-time jobs.
The company would invest approximately $260 million of its own resources and use approximately $4 million in state and county tax incentives to develop the facility, according to a filing by the Western New York Power Proceeds Allocation Board.
The allocation board recommended a $1.5 million incentive from the New York Power Authority be made available towards the project on Wednesday. And Albany’s economic development arm, Empire State Development, is expected to contribute a $2 million incentive.
The plant would mark the second major investment Plug is planning in western New York.
D&C
