Week in Review: May 30 – June 3, 2022
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“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.”
“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 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.