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:
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.