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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

12 December 2013

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. The awards are made through the Advanced Energy Manufacturing Tax Credit program (48C Program).

The Departments of Energy and the Treasury worked in partnership to develop, launch, and award the funds for this program. The Advanced Energy Manufacturing Tax Credit authorized Treasury to provide developers with an investment tax credit of 30% for the manufacture of particular types of energy equipment. Funded at $2.3 billion, the tax credit was made available to 183 domestic clean energy manufacturing facilities during Phase I of the program.

The Phase II awards were launched to utilize $150 million in tax credits that were not used by the previous awardees and support projects that must be placed in service by 2017. Awards to automakers and suppliers are:

Phase II 48C awards to automotive and suppliers
Lead organization
(Partners)
Description Funding
Ford Motor Company Ford transformed its Michigan Assembly Plant (MAP) in Wayne, Mich., from a factory that produced full-sized trucks and SUVs to the world’s first and most flexible manufacturing facility for multiple electrified vehicles. MAP is now producing plug-in hybrids, hybrids, EcoBoost, and full battery electrics for the global marketplace—all from the same assembly line.
The $30 million 48C Advanced Energy Manufacturing Tax Credit will help Ford enable its substantial investment in electrified vehicles.
$30 million
Corning Incorporated Corning Incorporated was selected for a $30 million 48C Tax Credit to expand the manufacturing capacity of its diesel emissions control products facility in Erwin, NY. The site development and infrastructure enhancements support domestic and international demand for ceramic substrates and filters for heavy-duty diesel engine, truck, construction and agricultural equipment. $30 million
General Motors Company General Motors Company was selected for a 48C tax credit of more than $20 million in connection with its Detroit-Hamtramck Assembly Plant where the company manufactures Extended Range Electric Vehicles—Chevrolet Volts and the Cadillac ELR electric luxury coupe—along with internal combustion cars. Production of these vehicles at Detroit-Hamtramck will support development of propulsion technologies and advanced electric-drive vehicles. $20 million
Delphi Automotive Systems LLC With this $10.6 million 48C Tax Credit, Delphi Automotive Systems plans to invest $35.3 million through 2017 in equipment and tooling at its Kokomo Power Electronics facility in Indiana. This facility expansion will further scale up product validation and manufacturing, doubling capacity to more than 500,000 units annually to meet its customers’ production volumes. Delphi manufactures power electronics such as inverters, converters, chargers, controllers, integrated energy storage and electrical power management systems. $10.6 million
MC Ionic Solutions US Inc. MC Ionic Solutions Inc. was selected for a $7.4 million 48C Advanced Energy Manufacturing Tax Credit for its new facility in Memphis, Tenn., where it produces electrolyte solutions for lithium ion batteries used in electric vehicles. The project allows the company to increase US production. $7.4 million

Other awards include domestic manufacturing for a range of renewable energy and energy efficiency products, from hydropower and wind energy to smart grid technologies and energy efficient buildings.

December 12, 2013 in Batteries, Electric (Battery), Emissions, Fuel Efficiency, Policy | Permalink | Comments (0) | TrackBack (0)

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