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MegadealsSubsidy Tracker Individual Entry
Company: Plug Power
Parent Company:
Plug Power Inc.
Subsidy Source: multiple
Location: New York
City: Alabama
County: Genesee
Project Description: hydrogen production facility
Year: 2021
Major Industry of Parent: utilities and power generation
Specific Industry of Parent: alternative energy technology
Subsidy Value: $269,500,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 68
Wage Data: $70,529
Wage Data Type: average wage
Capital Investment: $232,000,000
Source of Data: All data taken from: Mark Scheer, "The mother of all subsidy deals," Investigative Post, March 17, 2021;
(click here)
Notes: The plant will locate in Science and Technology Advanced Manufacturing Park in the Town of Alabama, NY. The Investigative Post reported that the subsidy package included: $140 million over 10 years in discounted market rate electricity; $7.9 million over 10 years in discounted hydropower; $118 million over 20 years in property tax abatements; $1.1 million over 20 years in sales tax abatements; $2 million in state Excelsior tax credits; a $1.5 million grant from the Power Authority. The package also included infrastructure improvements whose value has not been disclosed. Subsidy per job for the project is estimated at $4 million. Overlaps with main Subsidy Tracker data: none
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.