Take advantage of the decades of research, training, and development of clean energy technologies
Albany County and its surrounding regions have emerged as a leading East Coast offshore wind component manufacturing hub adding to its existing reputation as a leader in wind energy research and development. In 2020, 1 in 12 wind energy patents awarded by the U.S. Patent and Trademark Office listed an inventor from the region.
Our region is home to several leading academic resources including the Rensselaer Polytechnic Institute’s Center for Future Energy Systems and the University at Albany’s New York State Center of Excellence in Weather & Climate Analytics, which includes the Atmospheric Sciences Research Center.
In addition to off-shore wind development, the Capital Region supports advancements in additional clean energy sub-sectors including solar, battery/storage, geothermal and smart grid. Companies like GE, Plug Power, and Espey Mfg. & Electronics all find their home in our region.
Economic Highlights
- Tax Benefits for Qualified NYS Manufacturers Include:
- No state corporate income tax
- No inventory/real personal property tax
- No sales tax on production or R&D equipment
- 24 higher education institutions contributing to the region’s research and talent pipeline
- Top 10 lowest industrial electric cost in U.S
- New York ranks second for cleantech patents, first for wind patents and fifth for U.S. Department of Energy R&D funding