Business Services Industry
Buffalo, N.Y., Firm Will Cut Energy Bills with State Incentives.
Knight Ridder/Tribune Business News, January, 2003
By Matt Glynn, The Buffalo News, N.Y. Knight Ridder/Tribune Business News
Jan. 8--Electro Abrasives Corp. expects to save more than $210,000 annually in electrical energy costs, as a result of energy conservation steps taken with the New York State Energy Research and Development Authority and Siemens Building Technologies.
The total cost of the project was $1.05 million. The New York State Energy Research and Development Authority is providing nearly $480,000 in financial incentives.
Electro Abrasives is also borrowing $370,000 through the Energy Smart Loan Fund to buy a natural gas-fired compressor and energy management system.
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