Business
Greenidge Generation's Operations in New York to Continue Following NYSDEC Decision
Facility Operations In New York Will Continue Uninterrupted During Extended Judicial Review Process State's Decision Ignores Greenidge Offer to Dramatically
About this update from Greenidge Generation Holdings Inc.
[{"type":"text","content":"Facility Operations In New York Will Continue Uninterrupted During Extended Judicial Review Process \nState's Decision Ignores Greenidge Offer to Dramatically Reduce GHG Emissions While Preserving Jobs in Upstate New York\nFAIRFIELD, Conn., June 30, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) (\"Greenidge\"), a vertically integrated cryptocurrency datacenter and power generation company, issued the following statement and information today regarding the New York State Department of Environmental Conservation's (NYSDEC) decision to deny the pending application to renew the existing Title V Air Permit for the company's Dresden, NY facility.\n\"It is important for all Greenidge stakeholders to know this decision does not have any impact on our current operations in Dresden. Because our application was already deemed complete, we operate pursuant to the State Administrative Procedures Act (SAPA). Consistent with the provisions of the SAPA, we can continue running uninterrupted under our existing Title V Air Permit, which is still in effect, for as long as it takes to successfully challenge this arbitrary and capricious decision. \n\"Greenidge made a sincere and substantial offer to take unprecedented actions to further reduce our emissions and make those proposals binding conditions in our renewed permit. On March 25th, we proposed reducing our facility's permitted GHG emissions by an additional 40% by 2025, five years before the first CLCPA emissions reduction target date in 2030. We also proposed to be a zero-carbon emitting facility by 2035 – a full five years before the statewide target for the electric generating sector.\n\"The NYSDEC never once engaged Greenidge since March 25th to finalize a Permit that would dramatically reduce GHG emissions and preserve upstate jobs. They chose to pass up the opportunity to materially improve the environment, choosing instead to burden New York taxpayers with the expense of funding a lengthy administrative and judicial battle that could have easily been avoided. \n\"We believe there is no credible legal basis whatsoever for a denial of this application because there is no actual threat to the State's Climate Leadership and Community Protection Act (CLCPA) from our renewed permit. This is a standard air permit renewal governing emissions levels for a facility opera...