Published report has Plug Power building a $264 million 'green hydrogen' facility at STAMP
Last week it was Samsung. Now, it’s Plug Power.
According to a story in today’s edition of The Buffalo News, the Albany-based Plug Power has disclosed plans to erect five “green hydrogen” plants in the United States, including a $264 million facility at the Western New York Science and Technology Advanced Manufacturing Park in the Town of Alabama.
The plant, which would produce green hydrogen for freight and materials handling equipment, is expected to be in operation by 2024, per the published report.
Previously, it was reported on The Batavian that Samsung is considering the placement of a $17 billion semiconductor plan at STAMP, a venture of the Genesee County Economic Development Center.
GCEDC President/CEO Steve Hyde, responding to an inquiry from The Batavian, issued the following statement, without specifically mentioning Plug Power:
“The Genesee County Economic Development Center recently reached out to our various public sector partners, including the Genesee County Legislature, the Town of Alabama among other local and state partners requesting that the GCEDC take on the role as lead agency for an environmental review of a potential project at STAMP.
“As a result, the GCEDC has completed extensive site readiness for the 1,250-acre STAMP site, including all site-level environmental, archeological, wetland delineation, and zoning requirements. This enables site selectors and prospective tenants to conduct effective due diligence as they evaluate projects at STAMP.
“We are very excited about this significant economic development opportunity for our community and look forward to working with our public sector partners during the due diligence by Project Gateway, as we have on dozens of other economic development projects in Genesee County over the last several years.”
Currently, there are no tenants at the 1,250-acre business park, although county officials have indicated that many companies are looking at the site.
Other highlights of The Buffalo News story:
- Plug Power would begin construction this March, with an expected completion in December 2022, creating 62 full-time jobs with an average salary of $75,000 plus benefits;
- An award of $1.5 million to support the venture has been recommended by the Western New York Power Proceeds Allocation Board;
- In its application, Plug Power said it uses a process called electrolysis … leading to “zero-emission freight transport and logistics handling equipment utilizing fuel-cells and clean energy manufactured in New York.” The company said it will be the first of its kind in the Northeast, and would lead to other businesses moving to STAMP.
- Plug Power will request $2 million from Empire State Development, and a package of sales and property tax abatements through the GCEDC.