ReCharge NY

7 LI firms in line for cheap(er) power

Seven Long Island companies have been awarded lower-cost power from the state’s ReCharge NY program in exchange for creating or preserving 1,300 jobs and investing more than $31 million in facility and equipment enhancements. In play: 1,574 kilowatts of discounted electricity, or enough to power about 1,500 homes. The largest award – 390 kilowatts – went to Melville’s Poly-Pak Industries, which promised to retain 225 jobs and spend $1 million on new equipment. Entourage Commerce,…

ReCharge NY powers up 13 on LI

New York State bet heavy on Long Island in its latest round of ReCharge NY funding. Leveraging $16.2 million in capital investments, the New York Power Authority will send 1,296 kilowatts of low-cost power to 13 Long Island-based businesses, representing significant chunks of the kWs distributed (5,346 total) and statewide capital investments leveraged ($57.7 million) in Tuesday’s ReCharge NY announcement. The Island’s low-cost kilowatts were second only to the 2,046 kWs being funneled to Western…

Thomson Reuters eyeing an exit?

News and information giant Thomson Reuters has turned down an allocation of low-cost electricity from the state’s ReCharge NY program that would have lowered operating costs at the company’s Hauppauge data center. The power subsidy was part of a state aid package supporting a proposed $5 million revamp of the facility, including upgrades to cooling systems and generators. It was unclear if the company planned to move forward with the project or even stay on Long Island….