State Assemblyman Fred W. Thiele, Jr., (I, D, WF-Sag Harbor) today announced that AL Energy Solutions LED, LLC of Westhampton Beach has secured 260 kW of low-cost power allocations under the ReCharge NY program. This allocation is expected to help create 138 new jobs and expected to help leverage $7.7 million in capital investments.

Statewide, the New York Power Authority (NYPA) Board of Trustees has approved the distribution of nearly 33 megawatts (MW) of low-cost power to 47 enterprises at 53 facilities. Nearly 17,000 jobs are being supported by this round of statewide allocations.

The ReCharge NY, administered by NYPA, is designed to spur economic development throughout the State by providing low-cost power to businesses and other entities that agree to create or retain jobs. Including this round of new allocations, the ReCharge NY has provided approximately 735 MW to 533 businesses and 70 not-for-profit organizations over the last two years. One megawatt is enough power to meet the needs of 800 to 1,000 typical homes.

In addition to jobs and capital investment commitments, other evaluation criteria for ReCharge NY applications include the significance of the cost of electricity to the overall cost of doing business, the applicant’s risk of closure or curtailing operations, the significance of the applicant’s facility to the local economy, and its commitment to energy efficiency.

The ReCharge NY program offers up to seven-year power contracts to businesses. Half of the power under the program – 455 MW – is from NYPA’s Niagara and St. Lawrence-Franklin D. Roosevelt hydroelectric power plants, which provide some of the lowest-cost electricity in the state. The remaining 455 MW is economical power secured by NYPA from market sources.