|
|
|
|
|
|
GE CEO Immelt tours new Schenectady battery plant
Posted at: 07/10/2012 10:33 AM
| Updated at: 07/10/2012 12:37 PM
By: AP
|
|
|
|
 Photo: Duffer Kendrick/WNYT |
SCHENECTADY, N.Y. (AP) - General Electric Co. says it will invest $70 million to expand its advanced sodium battery plant in downtown Schenectady.
GE CEO Jeffrey Immelt is scheduled to tour the plant Tuesday and discuss the expansion, which will double production and add 100 new jobs. The plant will employ 450 workers when it's up to full capacity in 2015.
Officials say the new plant will serve as a catalyst for economic development. It is expected to produce a million batteries this year. The sodium batteries will be used in GE's hybrid locomotive, heavy service vehicles and backup storage.
Schenectady County contributed $5 million in assistance and tax breaks. GE also got $25 million in federal tax credits and $15 million in incentives from the state for the plant.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
WNYT welcomes a lively and courteous discussion as long as you follow the rules of conduct set forth in our Terms of Use. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use.
