Jan 9, 2010
$2.3B in Clean Energy Credits
For Nuclear Power, below is an announcement made yesterday, directly related to the new program.
ALSTOM RECEIVED $63 MILLION AND THE SHAW GROUP GOT $10.8 MILLION in tax credits as part of a $2.3 billion US government stimulus program aimed at boosting clean energy manufacturing. The DOE announced the awards, which were part of the Recovery Act Advanced Manufacturing Tax Credits program, on January 8. Alstom and subsidiaries will use the support to establish a Chattanooga, Tennessee facility to build steam turbines of up to 1700 MW for use in advanced nuclear reactors. Shaw got the tax credit for its new Lake Charles, Louisiana facility, which assembles structural, piping and equipment modules for Westinghouse's AP1000 reactor.