U.S. Energy Secretary Steven Chu got a chance on June 30, to see the expansion of the Waukesha Electric plant in Wisconsin, which was made possible by a Department of Energy Advanced Energy Manufacturing Tax Credit of $12.5 million. The expansion, expected to be completed by the end of 2011, will enable Waukesha Electric Systems, a NEMA member, to incorporate large and extra high-voltage power transformers into its operations. The company currently produces medium- power transformers, which are more than 99.5 percent efficient at converting energy and help to advance the modernization of Americas electrical grid in the 21st century. The companys new addition also offers economic benefits, as it is expected to create roughly 250 additional jobs over the next three years, not including the 100 construction workers already on site.
In related news, Secretary Chu named six new corporate partners who have joined the National Clean Fleets Partnership, a public-private partnership that helps large companies update their fleets to be more energy efficient. In total, the new partnersCoca-Cola, Enterprise Holdings, General Electric, Osram Sylvania, Ryder and Staplesoperate nearly one million commercial vehicles nationwide.
He also announced the offer of a conditional commitment for a $105 million loan guarantee to support the development of Project LIBERTY, the nation's first commercial-scale cellulosic ethanol plant. When completed, the plant, located in Emmetsburg, Iowa, will produce up to 25 million gallons of ethanol per year using corncobs, leaves, and husks provided by local farmers. Project LIBERTY is expected to create 200 jobs during construction and 40 permanent jobs, and bring $14 million in revenue to the regions farmers.
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Source: the White House