GE Vernova has announced plans to invest at least $41 million in its Center of Excellence for steam and generator assembly and testing located in Downtown Schenectady. The investment aims to increase capacity for generator operations, address growing product demands, and create 50 new high-tech jobs at the facility.
The expansion will involve renovating existing space, purchasing and installing new machinery and equipment, and providing training for employees. Many of the new positions are expected to be union labor roles. GE Vernova’s efforts will focus on manufacturing H65 and H84 generators, which support the company’s HA gas turbines.
Empire State Development is backing the project with up to $1 million in performance-based Excelsior Jobs Program tax credits.
Governor Kathy Hochul said, “New York State is paving the way for manufacturing, research and development for innovative energy technologies — bringing the State closer to a cleaner future for generations to come. With the State’s public-private partnership with GE Vernova, we’re bringing in good-paying jobs to Upstate New York and promoting sustainability from the tip of Long Island to the Erie Canal.”
GE Vernova CEO Scott Strazik stated, “We are committed to meeting the needs of our customers and the world as demand for electricity continues to rise at historic rates. This investment in our Schenectady facility continues our work to build gas power capacity and help meet global energy needs. Our Schenectady facility provides an amazing opportunity to cultivate and invest in our talent in the Capital Region, and we thank the state of New York for their support. We have called this region home for more than a century, and we are proud to continue to move that legacy forward.”
Empire State Development President, CEO and Commissioner Hope Knight commented, “Under Governor Hochul’s leadership, New York State continues to work with companies of all sizes to grow and thrive in the 21st century economy. Through this public-private partnership between GE Vernova and ESD, we are supporting new investments in Downtown Schenectady that will create jobs and encourage new regional economic growth.”
