- Associated Press - Sunday, December 25, 2016

ALBANY, N.Y. (AP) - The state-sponsored New York Green Bank is lending $25 million to an Albany-area manufacturer to expand fuel cell use at distribution centers for clients such as Wal-Mart and Home Depot.

The Green Bank is a division of the New York State Energy Research and Development Authority. It was created to foster development of clean energy and reduce emissions linked to climate change.

The Authority says the loan to Latham-based Plug Power will support the deployment of 1,300 fuel cell systems to distribution centers over the next three years. Under the agreement, Plug Power is to create up to 100 new jobs in New York.

Plug Power makes hydrogen fuel cells that replace less-efficient and dirtier lead acid batteries in forklifts and pallet jacks.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide