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SCHENECTADY, N.Y. -- GE has announced $63 million in new orders at their advanced sodium battery plant in Schenectady.

The orders are for the Durathon battery, which is estimated to reduce diesel fuel consumption by up to 40 percent and save customers tens of millions of dollars on batteries.

The battery works by using sodium chemistry to capture excess energy from the diesel fuel generators. GE says there has also been 10 new telecom customer orders in seven countries.

The company officially launched their GE Energy Storage business back in July. The new plant will make batteries for GE's hybrid train, heavy service vehicles and backup storage.