Subsidy 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; https://www.investigativepost.org/2021/03/17/the-mother-of-all-subsidy-d...

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: 
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