Lower-Cost Electricity to
Help Create Nearly 60 Jobs in Green Island, Supporting Company’s
Relocation to the Village
May 24, 2005
FOR IMMEDIATE RELEASE
WHITE PLAINS—The New York Power Authority (NYPA)
Trustees Tuesday approved a lower-cost power allocation to the Green
Island municipal electric system, for Crystal IS, which produces
materials for semiconductor devices.
The company is relocating from nearby Watervliet
for an expansion of its manufacturing capability and creation of 57 new
jobs over the next three years. It currently has a work force of 17.
“We’re providing 300 kilowatts (kw) of economical
power to support the expansion of this very important company, which is
integrally tied to a new generation of semiconductor devices,” said
Louis P. Ciminelli, NYPA chairman. “We’re delighted to be working in
partnership with the village’s municipal electric system—the Green
Island Power Authority—in supporting Crystal’s ambitious expansion
plans, as it moves into a building with additional space for the
increased demand for its product.”
This is the fourth allocation over the last two
years that NYPA has made to the Green Island municipal electric system
for expanding businesses. (The other allocations went to Silhouette
Optical, the Case Group and Sealy Mattress, for multimillion dollar
expansions involving new facilities and additional jobs.) The Power
Authority trustees approved the latest allocation at their regularly
scheduled meeting, held this month at NYPA’s White Plains office.
The power for Crystal and the other companies is
from a block of 108,000 kw reserved for economic development in areas
served by New York’s 51 municipal electric systems and rural
cooperatives. These are systems whose full or partial electricity
requirements are met by the New York Power Authority.
Half of the power for the eligible companies under
the economic development program is low-cost hydropower from NYPA’s
Niagara Power Project near Niagara Falls.
The remaining half is available from other
economical power sources. Municipal systems like Green Island also have
the option of purchasing this amount on their own from other sources.
Crystal IS currently occupies a 6,000-square-foot
space in an incubator building of Rensselaer Polytechnic Institute, for
The company’s new facility in Green Island has
10,500-square feet. The total relocation investment exceeds $1 million.
Crystal, which serves markets in the U.S. and
Japan, produces single-crystal aluminum nitride (AIN) substrates for
high-performance electronic and optoelectronic semiconductor devices.
The applications include air and water purification, military and
biomedical devices, and wireless communications.