New York Gov. Kathy Hochul on Aug. 19 announced that GE Vernova has committed to investing at least $41 million into the company’s Center of Excellence for steam and generator assembly and testing in Downtown Schenectady.
The company plans to create 50 new, high-tech jobs at the facility, helping to meet increased global customer demand. Empire State Development is supporting the company's expansion with up to $1 million in performance-based Excelsior Jobs Program tax credits.
New York Power Authority President and CEO Justin Driscoll said, “GE Vernova’s expansion in Schenectady builds on the firm’s long history in the area that led to the city’s moniker as the ‘Electric City.’ A valued Power Authority customer, GE Vernova is helping to create a new energy future for New York and the world through its commitment to efficiency and innovation in power generation. We are pleased to see GE Vernova grow in Schenectady, adding family-supporting jobs for New Yorkers.”
“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,” Hochul said. “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 plans to invest at least $41 million into the Downtown Schenectady campus to build additional capacity for generator operations by renovating existing space; purchasing and installing new machinery and equipment; and providing requisite training for employees.
This investment will enable enhancements to the manufacturing of GE Vernova’s H65 and H84 generators, which accompany the company’s most efficient HA gas turbines. Additionally, many of the 50 new jobs that the company intends to create on-site will be union labor.
GE Vernova CEO Scott Strazik said, “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.”
In January 2025, Governor Hochul announced GE Vernova's commitment to invest $96 million into its Advanced Research Center in Niskayuna. The company is creating 75 new jobs on-site, strengthening the Center’s electrification and decarbonization efforts, while advancing transformative technologies including carbon dioxide removal, alternative fuels for power generation and developing the grid of the future.
Additionally, since 2023, the company has announced $130 million in site improvements and expansions in Schenectady, which are expected to create more than 300 new jobs.
