Plug Power, the first tenant at the new manufacturing park, is also funding the construction of a 450-megawatt electricity substation that will support its hydrogen projection facility and future growth opportunities at STAMP. As North America's largest green hydrogen production facility, the plant will produce 45 metric tons of green liquid hydrogen daily, servicing the Northeast region. When fully built, the facility will offer the company's transportation fuel customers pricing competitive to diesel, leading the way to decarbonizing freight-transportation and logistics supporting New York's path to achieving carbon-neutrality by 2050. Additionally, the company has committed to creating up to 68 new jobs.
"This groundbreaking is incredibly significant for the economies of the Finger Lakes and Western New York, providing new jobs and establishing the region as a prime destination for large manufacturers moving forward," Hochul said. "Plug Power's new facility will be the largest plant in North America producing green hydrogen, advancing our ambitious green energy goals as we work toward a cleaner future."
The siting of the manufacturing park, and Plug Power's decision to locate there, was largely driven by access to low-cost hydropower from the New York Power Authority's Niagara Power Project less than 30 miles away. The Power Authority is supporting the Plug Power project with the following incentives:
- A 10-megawatt allocation of low-cost hydropower from the Niagara Power Project
- $1.5 million from the Western New York Power Proceeds program
- 143 MW of High-Load Factor power that NYPA will procure for Plug Power on the energy market, lowering electric bills through a reduction in electricity delivery chargers
Empire State Development is also supporting the project with up to $2 million in Excelsior Tax Credits in exchange for job creation commitments. Genesee County is also providing assistance for the project.
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STAMP is a 1,250-acre mega site located at the center of upstate New York's largest population, research, and workforce training hubs. Connected with New York's high-tech corridor by New York State Thruway, STAMP has completed all site-level design and engineering, and all-site level environmental and zoning approvals to locate projects, including semiconductor manufacturing, renewables manufacturing, biopharma manufacturing, and other high-capacity industries.
The Plug Power expansion is part of its focused strategy to construct up to seven hydrogen production facilities across North America by 2022. In January, Plug Power announced that it would be establishing a $125-million Innovation Center in Monroe County, creating 377 new jobs. That facility will manufacture hydrogen fuel cell stacks for its ProGen hydrogen fuel cell engines used to power a variety of electric vehicles, including material handling equipment, on-road commercial fleet vehicles, and drones.
