GE Expands Advanced #Battery #Manufacturing Start-Up, Boosts Investment to $170 million; 450 New High-Tech #Jobs in Upstate New York
GE will invest another $70 million to double the production of a new $100 million advanced battery manufacturing plant in Schenectady, New York. At full capacity, the plant will employ 450 workers. The plant, which is already producing GE’s next-generation Durathon batteries, is the flagship of a new business called GE Energy Storage. GE Chairman and CEO Jeff Immelt expects the business to “generate more than $1 billion in revenue annually in just a few years.”
Read more at GE Reports.