Governor Hochul Announces the Completion of Plug Power's $125 Million Manufacturing Facility in Albany County

January 12, 2023

Company Will Create More than 1,600 New Green Jobs at its Slingerlands Facility

Complements Governor Hochul's Bold Environmental Agenda for Reducing Greenhouse Gas Emissions and Combating Climate Change

Governor Kathy Hochul today announced the completion of Plug Power's newest manufacturing facility, located at the Vista Technology Campus in Slingerlands, Albany County. The new location supports the company's efforts to significantly expand its line of GenDrive fuel cell systems, which are used to power electric motors in the electric mobility market. The company has committed to creating more than 1,600 new green jobs at this Capital Region location, complementing New York State's efforts to be a national leader in growing the green economy, reducing greenhouse gas emissions, and combating climate change.

"New York's investment in Plug is an investment in the state's sustainable future," Governor Hochul said. "This new manufacturing facility is creating good, green jobs in the Capital Region and beyond - helping communities around the world break their dependence on fossil fuels by replacing them with cutting-edge green hydrogen technology. Earlier this week I laid out bold initiatives to drive down polluting emissions across the board, and Plug's expansion will help complement our efforts to create a greener, healthier New York for future generations."

Plug's new $125 million, 350,000 square foot plant will be used for expanding production, warehousing, and servicing of the GenDrive fuel cell product line, which offers drop-in fuel cell solutions for existing electric truck fleets. Additionally, the company has committed to creating more than 1,600 new, green jobs and retaining another 701 jobs in Albany County. Empire State Development (ESD) has agreed to provide up to $45 million in performance-based Green Excelsior Jobs Tax Credits to encourage the creation and retention of these green jobs. The project is also supported by 1,310-kilowatt low-cost power allocation through the ReCharge NY program approved by the New York Power Authority (NYPA) Board of Trustees at its March 2022 meeting.

CEO of Plug Andy Marsh said, "Plug is proud that its new world-class manufacturing and services facility in Albany County will contribute to New York State's goal for clean renewable energy. We are grateful to our elected officials and partners, including Governor Hochul, U.S. Senate Majority Leader Charles Schumer, Congressman Paul Tonko, Empire State Development, NYPA and Albany County, for their ongoing support in helping us grow our presence in New York and create more than 1,600 new green jobs."

Empire State Development President, CEO and Commissioner Hope Knight said, "We are pleased to have a strong partnership with Plug across the state. Plug's continued expansion in Albany County demonstrates their strong commitment to New York State and Governor Hochul's sustainable vision for a cleaner, greener future."

Read the full press release here.