After years of hearings and litigation, Greenidge Generation announced that the State DEC has agreed to renew its Title V Air Permit for the next five years. The renewal allows its Dresden facility to continue supplying power to the Upstate New York electrical grid while operating under emissions limits consistent with the state’s Climate Leadership and Community Protection Act.
Greenidge Generation acquired the Dresden facility in 2016, converting the former coal-fired power plant to a natural gas operation and beginning electricity production for the local energy grid in 2017. In 2019, the company launched a small pilot cryptocurrency program and expanded to a cryptocurrency datacenter in 2020, using electricity generated on-site without drawing additional power from the local grid.
Since acquiring the facility, Greenidge has invested over $100 million in modernization efforts. The company says the upgrades have supported new jobs in the area and contributed to the local economy through partnerships with regional businesses. Greenidge now accounts for approximately 10 percent of Yates County’s local tax revenues.
This is a developing story. We will continue to update as more information is made available.
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