ALABAMA — A total of $1.5 million and a 10,000 kilowatt hydropower allocation have been granted to the Plug Power project at the STAMP development site.
Gov. Andrew Cuomo announced the funding and low-cost power on Tuesday. Plug Power was among 23 entities to receive funding or low-cost power arrangements designed to boost the statewide economy.
“These economic development awards will help us secure a promising and robust clean energy future for our state,” said Gov. Andrew Cuomo in a news release. “Time and time again, by following the blueprint of our nation-leading climate agenda, we have proven that it is possible to invest in clean energy today and create jobs that will uplift our communities, while establishing a clean energy infrastructure that will benefit future generations of New Yorkers.”
Plug Power will be investing $290 million on the construction of a hydrogen fuel production facility at the STAMP site, along with and a 450-megawatt electric substation to serve the complex.
The nearby Plug Power project in Henrietta was similarly tapped to receive a 5,100 kw allocation.
Plug Power has committed to creating 68 jobs at the new production facility in the town of Alabama, which will produce 45 tons of green hydrogen daily.
The announcement came after the Genesee County Economic Development Center approved incentives for the project this past Thursday.
Under the terms of a proposed 20-year PILOT agreement, Plug Power would pay about $2.3 million annually to support municipalities and infrastructure including Genesee County, the town of Alabama, and Oakfield-Alabama Central School.
Construction on the project is expected to start this summer, with the operation underway by the end of 2022 or first quarter of 2023.