June 3 2022

Week in Review: May 30 – June 3, 2022

Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:


Register Star: Study: Region saw pandemic population increase

Saratogian: More pandemic population gains for Capital Region cities, towns and villages

Troy Record: More pandemic population gains for Capital Region cities, towns and villages

WTEN News 10: Capital Region communities grow despite pandemic

Times Union: Population in Catskills surging after years of loss



Feds award GE $13M to research hydrogen power

“General Electric is receiving $13 million from the federal government toward development of power equipment that  burns hydrogen in addition to — or instead of — natural gas.

The U.S. Department of Energy grants are part of the drive to decarbonize the generation of electricity. President Biden has set a carbon-free power grid as a national goal for 2035, and similar initiatives are in place in New York and some other states, with hydrogen one of the paths that potentially leads to those goals.”

Drawn by the burgeoning offshore wind development in the Northeast, a Texas firm is opening a branch in the Albany area, which they say is centrally located.

“Gexpro Services, a global supply chain solutions firm, has opened a new branch on Albany Street as it looks to capitalize on emerging offshore wind energy projects in the Northeast.

The Texas-based distributor works within several industries – technology, offshore wind,  defense, transportation and more – providing companies with parts, tools and maintenance services.”

New York announces 2 GW of new solar across 22 projects

“New York Governor Kathy Hochul announced awards for 22 large-scale solar and energy storage projects to be constructed across the state, which together will add more than 2 GW of clean energy and roughly 160 MW of storage to the state’s grid.

Funding Partners