Company Commits to Creating 75 New Jobs at Schenectady County Site
Center Will Enable Technology Advancements Including Decarbonization, Alternative Fuels for Power Generation, the Grid of the Future and Critical Infrastructure Security
Investment Supports Clean Energy Innovation To Lower Costs and Expand Access to Affordable, Sustainable Power
Governor Kathy Hochul today announced that GE Vernova has committed to investing at least $96 million into the company’s Advanced Research Center in Niskayuna, Schenectady County. The company plans to create 75 new jobs on-site, strengthening the Center’s electrification and decarbonization efforts, while advancing transformative technologies including carbon dioxide removal, alternative fuels for power generation and developing the grid of the future. Today’s announcement will support technological advancements that reduce emissions and drive New York State toward a future where clean energy not only boosts the state's economy, but also reflects the State's shared commitment to sustainability and opportunity.
“The clean energy future is bringing new investments, good-paying jobs and a cleaner environment to our state, and we’re proud to work alongside GE Vernova as we further our shared vision in Niskayuna and beyond,” Governor Hochul said. “New York is becoming a leading manufacturing and R&D hub for clean energy; bringing us closer to achieving our climate agenda and building a better, cleaner future for generations to come.”
The company has committed to investing at least $96 million and plans to build two new state-of-the-art laboratories focused on electrification and decarbonization, expand existing facilities, and rehabilitate two other buildings at the on-site Renewable Learning Center in support of its clean energy research and development efforts. The company has committed to creating at least 75 new full-time jobs at the Advanced Research Center. Empire State Development has agreed to provide up to $9.635 million in performance-based Excelsior Jobs Program tax credits to support GE Vernova's job creation effort. Additionally, Schenectady County Metroplex Development Authority has been invited to pursue FAST NY grant funding to support future on-site infrastructure projects.
GE Vernova Advanced Research Vice President David Vernooy said, “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. 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.”
Empire State Development President, CEO and Commissioner Hope Knight said, “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. 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.”
Read the full release here.