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United States : NY provides CERES with jobs and tax credits.

Lt. Gov. Robert Duffy has announced a $20 million project in which Saugerties, NY-based Ceres Technologies will make gear for installation at the Albany facilities of the U.S. Photovoltaic Manufacturing Consortium. Ceres makes equipment for use in the solar cell and semiconductor industries.

Officials expect the project to create jobs at both ends.

Ceres and an associated firm Brady heads, Precision Flow Technologies, have had fluctuations in jobs, as is common in the contract manufacturing business that is driven by deals that arrive and create work.

According to the state's announcement, 250 jobs will generally be created over five years, some locally and some in Albany, including facilities, research and productions jobs.

Officials say the state is also providing $764,000 in Excelsior Tax Credits to Ceres to support the project.

This is part of a plan to boost the solar photovoltaic industry and generate jobs in the state.

The specific technology used is a kind of thin-film solar electric generation rather than the silicon crystals utilised in making more conventional solar cells. Called CIGS (copper, indium, gallium and selenide components) it is viewed as a promising alternative technology. The consortium is conducting research and development to make it more practical and financially competitive.

President and CEO of Ceres, Kevin Brady, said : "It is exciting to play a key role in the national effort to accelerate the use of green energy in our homes and businesses, and especially to have the opportunity to do so in our own backyard, while growing our high-tech workforce in New York state."

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Publication:Mena Report
Geographic Code:1U2NY
Date:Sep 3, 2012
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