President Barack Obama on Friday awarded $2.3 billion in tax credits, which will be matched by as much as $5.4 billion in private sector funding, to help create clean energy manufacturing jobs.
The funding will provide a 30 percent tax credit for investments in 183 manufacturing facilities that make clean energy products in 43 states.
Qualifying manufacturing facilities include the production of a wide range of clean energy products:
* Solar, wind, geothermal, or other renewable energy equipment.
* Electric grids and storage for renewables.
* Fuel cells and microturbines.
* Energy storage systems for electric or hybrid vehicles.
* Carbon dioxide capture and sequestration equipment.
* Equipment for refining or blending renewable fuels.
* Equipment for energy conservation, including lighting and smart grid technologies.
* Plug-in electric vehicles or their components, such as electric motors, generators, and power control units.
* Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Treasury Department.
The criteria used to select winning projects was based on:
* Greatest domestic job creation (direct and indirect).
* Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest cost of energy.
* Greatest potential for technological innovation and commercial deployment.
* Shortest project time from certification to completion.
(Reporting by Tom Doggett, editing by Eric Walsh)