Plug Power is expanding into a new 38,400-square-foot building in New York State to support an increase in production of its hydrogen fuel cell technology.
Plug Power said the decision to open the Saratoga County site, near its headquarters in Latham, was “driven by continued strong top line growth” in the firm’s core markets.
CEO Andy Marsh said: “The ongoing innovation in clean energy and the enterprising nature of the great people of upstate New York are closely tied as we move into the next phase of hydrogen fuel cell adoption.”
Performance-based tax credits through state jobs and economic development programmes “played a large part is making this opening possible”, Plug Power said.
Last year, Plug Power signed a multi-year contract with internet retail giant Amazon that included the opportunity for Amazon to buy up to 23% of Plug Power.
Amazon said it would begin using Plug Power’s fuel cells to power its industrial equipment, including forklifts, in 11 of Amazon’s fulfilment centres.
