GE to lead statewide power consortium

On Tuesday, Gov. Andrew Cuomo announced the creation of a $500 million power electronics consortium led by General Electric in Albany. The state will pitch in $135 million to build the infrastructure for the consortium — a state-owned research and development facility at the College of Nanoscale Science and Engineering’s NanoFab South campus in Albany — while GE Global Research in Niskayuna will pitch in more than $100 million as the anchor tenant at the new facility, as well as a decade’s worth of intellectual property, technology and know-how.

The rest of the investment is expected over the next five years from private companies looking to commercialize their own silicon carbide technology.

Here’s the rest of Bethany Bump’s story from Wednesday’s Daily Gazette.

Gov. Andrew Cuomo and national and local business and technology leaders gathered this morning at GE R&D, to unveil the New York Power Electronics Manufacturing Consortium, a half-billion-dollar initiative to develop the next generation of semiconductor technology.

Gov. Andrew Cuomo and national and local business and technology leaders gathered this morning at GE R&D, to unveil the New York Power Electronics Manufacturing Consortium, a half-billion-dollar initiative to develop the next generation of semiconductor technology.