Governor Kathy Hochul announced that GE Vernova has committed to investing at least $96 million into the company’s Advanced Research Center in Niskayuna, Schenectady County.
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The company plans to create 75 new jobs on-site, strengthening the Center’s electrification and decarbonization efforts, while advancing transformative technologies including carbon dioxide removal, alternative fuels for power generation and developing the grid of the future.
The company has committed to investing at least $96 million and plans to build two new state-of-the-art laboratories focused on electrification and decarbonization, expand existing facilities, and rehabilitate two other buildings at the on-site Renewable Learning Center in support of its clean energy research and development efforts.
GE Vernova's Advanced Research Center in Niskayuna has a legacy of developing game-changing technologies, from gas turbines designed to be the world's most efficient, to advanced algorithms for efficient and resilient grid planning, operations and maintenance, to small modular nuclear reactors and 100 percent hydrogen combustion for carbon-free power generation.
This project will support research and development efforts that advance new innovations and technologies in clean, sustainable and alternative fuels.
GE Vernova will build a cutting-edge, premier laboratory space designed to drive down the energy use and capital expenditure of carbon capture, while developing and delivering fuels that will allow combustion without carbon.
The company's investment will also prioritize research into multi-terminal high-voltage direct current, a key to expanding the capabilities and functionality of the United States power grid of the future.
It will also strengthen the ability to connect multiple sources of power generation to the grid.
By driving advancements in clean energy technology, this investment will help reduce the cost of renewable power, making sustainable energy more affordable and accessible for both consumers and businesses.
Through the New York Power Authority’s RechargeNY low-cost power program, GE Vernova has been awarded 9,440 kW in return for its commitments to the State. ■