Newsroom

4/23/2014 8:55:09 AM

Utica Observer-Dispatch: Japanese solar energy company may invest in New York

Utica Observer-Dispatch

Local spin-off jobs are possible if Solar Frontier K.K. makes the expected $700 million investment in the state.

Albany’s College of Nanoscale Science and Engineering is starting to look like the area’s gift that keeps on giving.

The NanoCollege is already bringing the $1.5 billion Computer Chip Commercialization Center to Marcy, and bringing the full force of its star power to Marcy by merging with SUNYIT.

Now, a solar energy initiative by the college in Albany and Rochester could benefit local companies.

A Japanese company, Solar Frontier K.K., has entered into an agreement with the NanoCollege for research and development, and may create a manufacturing initiative somewhere in the state.

Though the 1,000 direct jobs from the initiative won’t land here, it’s possible some spin-off jobs will, Pradeep Haldar, the NanoCollege’s vice president of clean energy programs said.

“It will need a supply chain,” he said. “We have scoped out the possibility that suppliers could come from Upstate New York.”

Read More