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DOE announces $150 million in Advanced Energy tax credits

Posted by Industry News on Dec 13, 2013
The U.S. Department of Energy announced $150 million in tax credits for building America’s capabilities in clean energy manufacturing. The tax credit was made available to 183 domestic clean energy-manufacturing facilities as a result of $2.3 billion in funding during Phase I of the program. Phase II was launched to utilize $150 million in tax credits that were not used by previous awardees. These awards will support thousands of new manufacturing jobs in nine states. Among the awardees: AEE member company Natel Energy, which received $2 million in tax support for equipping a manufacturing facility on the former Alameda Naval Air Station in California to produce 200 advanced hydropower turbines with capacity of roughly 90 MW.

Topics: Industry News