GE (GE) Plans $70M Expansion of Schenectady Plant in NY

GE (NYSE: GE) will expand its new, advanced manufacturing battery factory here, which is part of the company’s new Energy Storage business. The new Durathon battery products, which are half the size of conventional lead acid batteries but last ten times longer, are the result of GE’s $100 million initial investment in battery technology developed at GE’s Global Research Center in nearby Niskayuna, NY. The breakthrough technology will provide reliable and cost-effective energy storage options for a broad range of GE customers globally, including telecom and utility operators.

GE announced today that it will invest an additional $70 million to expand the Schenectady plant, effectively doubling production and adding 100 new jobs, which will bring the total factory workforce to 450 when at full capacity.

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