The credits are part of a $2.3-billion package, recognizing 183 projects in 43 states,
Waukesha, Wis.-based Cooper Power Systems, a division of Cooper Industries recently announced that it is the recipient of $1.3 million in Recovery Act Advanced Energy Manufacturing tax credits awarded by President Obama and the U.S. Department of Energy (DOE) for clean energy manufacturing projects across the United States. The credits are part of a $2.3-billion package, recognizing 183 projects in 43 states, all of which are designed to create high-quality, clean energy jobs and enhance the manufacturing of clean energy technologies, including solar and wind power and efficiency and energy management.
The Cooper projects for which the tax credits were awarded include $846,180 for modification of the company’s manufacturing facility in Waukesha, Wis., allowing it to produce higher-efficiency transformers. The high-efficiency transformers are expected to reduce energy consumption by over 30% as compared to traditional transformers. By 2013, the company estimates the Waukesha project will save customers who choose these products over 60 million kilowatt hours per year.
Cooper also received a $495,510 tax credit for modification of the company's facility in Nacogdoches, Texas, allowing it to produce electrical transformers with amorphous steel cores. Amorphous steel core transformers bring an opportunity for Cooper to create additional reductions in worldwide energy and resource consumption. By 2013, the company estimates the Nacogdoches project will save customers who utilize this technology more than 5.3 million kilowatt hours per year.
"Cooper Power Systems continues to invest to make the grid smarter, more efficient, and more environmentally friendly," says Cooper Power Systems group president, Mike Stoessl. "These tax credits will also help us continue to drive the growth of our renewable energy and clean technology efforts."