Recently announced low-cost power allocations will support more than 4,100 jobs and $231 million in capital investment commitments in New York.
The more than 23 megawatts of ReCharge NY power and low-cost hydropower that will help power 11 enterprises throughout the state were recently approved by the New York Power Authority Board of Trustees.
“These low-cost power allocations enable businesses to reinvest in their operations and keep New Yorkers working,” Gov. Andrew Cuomo said in announcing the power grants. “NYPA’s power allocations are currently tied to more than 410,000 jobs around the state and are vital to our economy.”
Added Gov. Kathy Hochul, “We are committed to investing in projects that are creating jobs and advancing our clean energy goals. These power allocations through ReCharge NY are advancing economic growth and job creation across the state. We want to make sure businesses have the resources they need to grow and succeed in New York state.”
Western New York
The NYPA trustees approved a 2-MW hydropower allocation to Thinking Robot Studios in Buffalo to support the creation of 88 jobs and $84 million in capital investments. The 10-year power allocation is in support of the construction of a new manufacturing facility for the Canadian-based firm looking to establish a presence in Western New York.
The firm specializes in the mass customization and manufacturing of medical devices utilizing industrial grade 3D printing. The new facility, which is expected to begin operations in the fall of 2020, will be more than 63,000-square-feet and produce custom medical devices, such as orthopedic implants and systems for bone and joint reconstruction.
Low-cost Niagara hydropower is available for companies within a 30-mile radius of the Power Authority’s Niagara Power Project or businesses in Chautauqua County. Niagara hydropower is linked to tens of thousands of existing jobs in the region.
Confluent Energies, a Massachusetts-based firm that is developing a network of advanced technology greenhouses in Massena, is receiving 16 MW of NYPA low-cost hydropower to create 240 jobs and $110 million in capital investments. The facilities will be constructed in four phases over the next three years, with operations at the first facility scheduled to begin in 2020. Once operational, the greenhouses will produce leafy green vegetables, particularly lettuce, year-round.
NYPA’s hydropower allocations from the St. Lawrence-Franklin D. Roosevelt Power Project are provided to manufacturers under ten-year contracts and are reserved for businesses in Franklin, Jefferson and St. Lawrence counties.
The NYPA board also approved 10 allocations of low-cost power under the statewide ReCharge NY program in support more than 3,700 jobs, with 43 of those being newly created. The Governor’s ReCharge NY program, established in 2012, has positively affected the New York State economy by encouraging companies to retain and create jobs, while sparking capital investment throughout the state. Including today’s allocations, ReCharge NY is actively providing power to nearly 740 businesses and not-for-profit organizations.
The low-cost power awards will be distributed to enterprises in the Finger Lakes, Central New York, Southern Tier, North Country and on Long Island.
New York Power Authority Chairman and Buffalo resident John R. Koelmel said, “These power contracts will have a significant impact in boosting local economies throughout the state. The jobs being created in Massena, and in my hometown of Buffalo, are big wins for the local communities and NYPA is proud to support these economic development opportunities.”
New York Power Authority President and CEO Gil C. Quiniones said the ReCharge NY program has allowed NYPA to leverage its low-cost hydropower to help businesses and not-for-profit organizations in New York state.”
“NYPA’s clean, low-cost hydropower is a major driver of economic growth, supporting thousands of jobs for hardworking New Yorkers around the state,” he said.
Included among the firms receiving RNY power is the Cayuga Operating Company, which is planning to repurpose the Lansing coal plant in Tompkins County into a datacenter, creating 20 jobs and $25 million in capital investments. The power award follows the NYPA board’s allocation of low-cost hydropower to the Somerset Operating Company in July for its planned conversion of the state’s last coal power plant in Niagara County into a datacenter that will support 165 new full-time jobs and generate more than $85 million in capital investments.
Both firms are owned by Heorot Power Holdings, which is in active discussions with New York State for further incentives to facilitate the development of both datacenter conversion projects.
Other significant RNY recipients include North Shore University Hospital in Lake Success, Nordon in Rochester and Otis Products in Lyon Falls.
ReCharge NY offers up to seven-year power contracts. Half of the power — 455 MW — is from NYPA’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants, which provide some of the greenest, cleanest and lowest-cost electricity in the state. The remaining 455 MW is lower-cost power bought by NYPA on the wholesale market.