Date: 2013-08-01

ReCharge NY? Helps SKF, TitanX

SKF USA and TitanX Engine Cooling have each received an allotment from the ReCharge NY program.

SKF USA will receive 66 kilowatts through the program while TitanX will receive 60 kilowatts.

The ReCharge NY program was created in 2011 and is designed to spur economic development in all corners of the state by providing low-cost power to businesses and other entities that agree to create or retain jobs.

"ReCharge NY has been a successful effective economic development tool that the state has used to promote capital investments and protect and create jobs," said Gov. Andrew Cuomo. "Businesses and not-for-profit organizations are working closely together with New York State and our Regional Economic Development Councils to help use valuable resources - such as affordable, clean power - to spur job development and economic growth."

The first three rounds of allocations under the Governor's program - in April, June and September - accounted for 700 megawatts of power to 579 businesses and 73 not-for-profit organizations.

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