Trade Resources Policy & Opinion DOE Has Announced $150m to Build Us Capabilities in Clean Energy Manufacturing

DOE Has Announced $150m to Build Us Capabilities in Clean Energy Manufacturing

The US Department of Energy (DoE) has announced $150m in clean energy tax credits to build US capabilities in clean energy manufacturing. This move is expected to strengthen the development of technologies to fuel efficient vehicles.

Through the Advanced Energy Manufacturing Tax Credit program, 48C Program, the investment will help create thousands of jobs across the country.

US DoE energy secretary Ernest Moniz said: "Cost-effective, efficient manufacturing plays a critical role in continuing U.S. leadership in clean energy innovation, and the tax credits announced today will help reduce carbon pollution from our vehicles and buildings; create new jobs and supply more clean energy projects in the United States and abroad with equipment made in America."

This investment will be used in domestic manufacturing from hydropower and wind energy to smart grid technologies to fuel efficient vehicles.

Under the 48C Program, Corning Incorporated has received $30m to expand the manufacturing capacity of its diesel emissions control products facility in Erwin, New York.

The plant will support domestic and international demand for ceramic substrates and filters for heavy-duty diesel engine, truck, construction and agricultural equipment.

It will create an estimated 200-250 permanent manufacturing and warehouse jobs and 275 temporary construction jobs in the region.

 

Source: http://www.automotive-business-review.com/news/us-department-of-energy-announces-150m-to-reduce-emissions-131213-4145721
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US Department of Energy Announces $150m to Reduce Emissions
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