Courtesy NEPSI
By Maureen Werther
Northeast Power Systems Inc. (NEPSI) is planning to add more than 11,000 square feet of additional warehouse space to accommodate its growing business.
NEPSI, located at 66 Carey Road in Queensbury, designs and manufactures medium-voltage, metal-enclosed power capacitor banks and harmonic filter banks for use in electric power systems.
The company was founded in 1995 by brothers and RPI graduates Paul and Peter Steciuk. It first operated out of a small garage space in the former Tobin’s First Prize factory in Albany. Three years later, in 1998, they received their first $1 million order. In 1999, they began private labeling systems for General Electric Co.
Another brother, Frank Steciuk, joined the team in 1999, the same year the company relocated to Queensbury.
During its 22 years in business, the manufacturing company has expanded its design, manufacturing and testing facilities, as well as its global reach. NEPSI provides power solutions to several industries around the world, including mining, utilities, industrial, renewable energy, chemical, petroleum and pulp and paper.
NEPSI doubled its capacity in 2001 and again in 2011, while continuing to increase the sophistication and performance capabilities of its equipment. Each unit sells from $50,000 to more than $1.5 million, and NEPSI is on target to generate $30 million in revenue in 2017, a record for the company, officials said.
