Renewable Gossip

In an effort to further establish New York as a hub for solar energy research and development, Congressman Maurice Hinchey (D-NY) today announced that he’s secured $3.6 million in federal funding for Prism Solar Technologies, a manufacturing partner of The Solar Energy Consortium (TSEC), to create a spin-off company that is expected to create 300 jobs over the next two to three years. The congressman, who used his seat on the House Appropriations Subcommittee on Defense to obtain the funding, said the new company will manufacture and bring to market a flexible solar ribbon cell application that is in high-demand by the U.S. military.

“This federal funding will further establish the Hudson Valley as a central hub for solar research, development, and manufacturing,” Hinchey said. “The investments that Prism Solar Technologies will make in the development of its new spin-off company will pave the way for the creation of 300 jobs over the next several years, which will further grow the solar industry in New York and also contribute to overall economic growth throughout the region. We are positioning New York very well to be on the receiving end of increased federal investments in solar energy research, development, and products.”