regulatory
confidence high
sentiment positive
materiality 0.75
Greenidge settles NY air permit dispute; gets 5-year renewal with GHG limits that cut emissions 44% by 2030
Greenidge Generation Holdings Inc.
- Agreement with NYSDEC sets GHG emissions limits: Year 1-2: 475,683 CO2e tons, declining to 358,071 by Year 5.
- Mandated 44% reduction in permitted emissions by 2030, exceeding NY's Climate Act 40% goal.
- 25% reduction from actual emissions by 2030, a first-of-kind condition in a NY Title V permit.
- Ends all litigation and administrative appeals; permit stays valid during administrative process.
- Facility continues to operate, providing power to grid; NYSDEC will issue final permit after public comment.