LATHAM, NY — Plug Power Inc., a leading provider of turnkey hydrogen solutions, welcomed guests this month to Vista Technology Park, its new 407,000 square foot fuel cell manufacturing facility in Slingerlands, N.Y., a suburb of Albany. A ribbon cutting ceremony was held with U.S. Senate Majority Leader Charles E. Schumer and New York Governor Kathy Hochul.
Plug says its Vista Technology Park facility will create more than 1,600 new jobs in the New York State Capital Region within the next five years. Plug currently employs 1,472 people in New York, making up nearly half of its 2,957 total U.S. employees. The company expects to create around 4,000 new jobs globally by the end of the year.
The new $125 million 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.
The Company broke ground on the site in March of 2022 and began manufacturing at commercial scale just nine months later.
“Plug is honored to host Sen. Schumer, Governor Hochul, and other advocates of green hydrogen at our Vista Technology Park in our home state of New York,” said Andy Marsh, CEO of Plug. “Sen. Schumer was instrumental in the passage of the Inflation Reduction Act, which extended the Investment Tax Credit for fuel cells and enabled Plug’s development of the first commercially viable market for hydrogen fuel cell technology. This exciting expansion of Plug’s fuel cell manufacturing at Vista is critical for us to meet growing demand from our clients, such as Amazon, Home Depot, Walmart, and others.”
Plug’s new world-class manufacturing and service facility in Albany County will contribute to the state’s clean renewable energy goals and create good-paying green collar jobs in the 21st century clean energy economy. Key provisions of the Inflation Reduction Act, such as the new Clean Hydrogen Production Tax Credit, will also help achieve substantial decarbonization and foster the integration of clean hydrogen made by Plug in New York State in a wide range of applications, such as Plug’s zero-emissions fuel cells.
The Plug Vista manufacturing facility features advanced automation, allowing for greatly increased scale and efficiency in the assembly of Plug’s fuel cell systems that power electric motors for the mobility market. The Vista facility, which began manufacturing Plug’s GenDrive units in November 2022, will be fully operational by March 2023, and will produce Plug’s entire fuel cell product line including GenDrive, Stationary, and ProGen.
Plug’s investment in the new manufacturing facility was supported by $45 million in Green Excelsior Jobs Tax Credits from Empire State Development, a $5 million grant from Albany County, and a $500,000 infrastructure grant from National Grid.
“1,600 new, good-paying, green energy jobs are about to power Plug’s future in the Capital Region. Almost exactly seven years ago, I stood on the factory floor of Plug Power’s Latham facility, and CEO Andy Marsh promised me that if I could deliver the incentives they needed like the Investment Tax Credit, that we would be cutting ribbons for N.Y. jobs in the decade — and today a promise made becomes a promise kept,” said Sen. Charles Schumer. “Back then, Plug had 227 employees locally, today there are over 1,100 and the company has committed to an additional 1,600 over the next five years! I applaud Plug for this major investment that will cement the Capital Region’s place as a global hub for innovation in clean energy. With the historic investments we just made in the Inflation Reduction Act and Bipartisan Infrastructure Law to spark the hydrogen fuel cell industry, today’s new manufacturing facility comes at the perfect time to power America’s fight against climate change and new federal incentives position Plug to create even more New York jobs for years to come building the 21st century green hydrogen economy.”
“New York’s investment in Plug Power is an investment in New York’s sustainable future,” Governor Hochul said. “Plug Power is creating good, green jobs in the Capital Region and beyond, and supports our efforts for a cleaner, greener future for generations to come.”
