Week in Review: March 7 – March 11, 2022
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:
CEGIN THE NEWS
WNYT News 13: Capital Region institutions get more funding for COVID-related research
Albany Business Review: Albany Inno – The Capital Region continues to add new video game studios
CNY Business Journal: $25M program could train workers in N.Y. for clean-energy jobs
REGIONAL ECONOMIC DEVELOPMENT NEWS
Albany Inno – How this Troy game studio tripled in size as its owner was hospitalized with cancer
“When Mitchell Patterson felt tired and had trouble breathing during the second half of 2020, he assumed he’d caught Covid.
He went to the ER and was informed that the level of his hemoglobin – the protein in red blood cells that carries oxygen to organs – was dangerously low.
Schenectady-based DSD on sharp growth path as green energy expands
“Less than three years after leaving the mothership, General Electric spinoff DSD Renewables has nearly tripled its workforce as it adds solar electricity to the power grid and to its customers’ facilities.
DSD’s headquarters at Mohawk Harbor hosts a small percentage of its nearly 170 employees — many others work remotely or at satellite offices.”
Hochul praises Plug Power, offers $45 million in tax credits
“Gov. Kathy Hochul came here on a blustery Tuesday for a ceremonial groundbreaking of Plug Power’s new 350,000-square-foot fuel cell factory.
The $55 million facility, already under construction at the Vista Technology Campus, is expected to create as many as 1,633 jobs over the years as the site is expanded.”
GlobalFoundries to unleash photonic technology for speedier computing processes in April
“GlobalFoundries is crafting its next generation of silicon photonics as it looks to make the computing process faster and more efficient for data centers.
The platform, named GF Fotonix, is the result of a collaboration with several other companies that will be produced at GlobalFoundries’ facility in Malta with the expectation of making it available as soon as April.”
GE unveils robotic pipeworm that eliminates fatbergs and navigates the darkest of pipelines
“General Electric researchers are urging fatbergs to beware as their new robot has the power to eliminate these pesky clumps of waste that can gather in grungy sewer tracks.
GE’s research team created the tool, which they call a pipeworm – short for Programmable Worm for Irregular Pipeline Exploration – as part of a collaboration with the U. S. Defense Advanced Research Projects Agency to develop advanced tunneling technology for underground networks.”
