Two SSL manufacturers are among the 12 businesses that collectively will receive a total of more than $150 million in clean-energy tax credits, the U.S. Department of Energy (DOE) has announced. Through Phase II of the Advanced Energy Manufacturing Tax Credit (48C) program , these tax credits will go toward investments in domestic manufacturing equipment, helping to create thousands of jobs across the country and increase U.S. competitiveness in the global clean-energy market.
The DOE and the Treasury worked in partnership to develop, launch, and award the funds for the program. The tax credit was made available to 183 domestic clean-energy manufacturing facilities during Phase I of the program, with Phase II awarding the balance that remained out of the $2.3 billion in funding.
Supporting projects that must be placed in service by 2017, the credits cover domestic manufacturing of a wide range of renewable-energy and energy-efficiency products, from hydropower and wind energy to smart-grid technologies to fuel-efficient vehicles. The SSL awardees:
Osram Sylvania Inc . has developed energy-efficient, cutting-edge single-point LED systems for automotive low/high beam projectors, reducing wattages by approximately 70 percent. The tax credit allows the expansion of production capacity.
Cree Inc . will expand its manufacturing footprint, including the purchase, installation, and proprietary modification of new machinery that will allow the company to produce 304 million next-generation LED lighting systems.
More information on these awards is available on the DOE website .