Quantcast

Schenectady County receives its largest investment yet from GE

The other factor in GE's decision to locate the new battery plant in Schenectady was IUE-CWA Local 301's membership approval of a local amendment to the GE/IUE-CWA National Agreement. The amendment provides for cost savings that aid GE's position while preserving jobs in the area and also enabling future growth.

"On behalf of the energy arena There is no mistake that the battery is yet the center of the energy revolution " the energy transformation we require relies heavily on that battery development," said Congressman Paul Tonko " D, 21st Distrcit of New York.

In addition to the local incentives, Gov. David Paterson committed $15 million to the project in May.

"Clearly they understand the promise that clean energy technology holds in rebuilding the atate's economy," said Horn.

According to GE officials, the project has been strongly supported by New York's congressional delegation as well.

GE has invested more than $150 million to develop advanced battery technologies, including a high energy density, sodium-based battery that will provide energy storage for future product applications. Plans are for the first application to be GE's hybrid locomotive, which GE hopes to commercialize in 2010. GE believes that advanced battery manufacturing could grow into a $1 billion industry over the next decade.

""

0
Vote on this Story by clicking on the Icon

Comments

Use the comment form below to begin a discussion about this content.

Sign in to comment