Denver Jobs Among Thousands Created by Colorado Clean-Tech Companies
A clean-tech company that will create Denver jobs is among six throughout Colorado and nearly 200 in the nation to receive funding.
Gov. Bill Ritter recently announced that six clean-tech companies received $75.2 million in advanced energy manufacturing funds through the Department of Energy from the American Recovery and Reinvestment Act. The funding will be used to create jobs, increase manufacturing and grow Colorado’s New Energy Economy.
“The Recovery Act is giving a much-needed boost to Colorado companies that are creating jobs and helping to drive the New Energy Economy,” he said. “These tax credits will help our companies grow and keep Colorado on the road to economic recovery.”
Coolerado Corporation in Denver received $750,000, which it will use to manufacture commercial and residential air conditioning units that use a heat exchanger incorporating an innovative thermodynamic cycle to cool the air. The patented process will create a healthier, more comfortable living environment while reducing energy costs.
Overall, 183 companies throughout the nation received $2.3 billion in tax credits through the Department of Energy from the ARRA. The credits are designed to create jobs by building a strong domestic manufacturing industry that will supply parts and equipment to advance clean and renewable energy projects.
The tax credits, worth up to 30 percent of each planned project, will leverage private capital for a total investment of about $7.7 billion in high-tech manufacturing. The effort to create tens of thousands of jobs will help achieve President Barack Obama’s goal of doubling the amount of renewable energy used with wind turbines and solar panels built in the United States.
The five other companies in Colorado that received funding include:
Abound Solar - This Longmont-based company received $12.6 million, which it will use to expand facility capacity with an additional manufacturing line. This facility will be solely dedicated to commercial production of PV solar panels using cadmium telluride semiconductor technology.
Advanced Energy - This Fort Collins-based company receive $1.2 million, which it will use to establish a manufacturing facility for the production of commercial and utility-scale solar inverters. Inverters are used to integrate solar PV installations.
Reflec Tech - This Arvada-based company received $750,000 that it will use to manufacture Mirror Facets made with ReflecTech Mirror Film, which will reflect sunlight onto the receivers of Parabolic Trough Concentrating Solar Power collector systems. Facets will match or exceed the optical and structural characteristics of the existing glass mirrors, but will aim to be more cost-efficient and durable. The end product will aid domestic solar power production.
Hexcel Corporation - This Windsor-based company received $8.1 million, which it will use to establish a technologically advanced manufacturing facility to produce high-performance epoxy, glass and carbon fiber composite materials. The composites will be used to manufacture wind turbine blades.
Vestas Blades America Inc. - This Brighton-based company received $30.2 million, which it will use to produce blades for wind turbines used in the production of wind energy. The utility-scales blades, which convert wind into mechanical motion, are approximately 44 meters in length.
Vestas Towers America Inc. - This Pueblo-based company received $21.6 million, which it will use to produce tubular wind towers that support wind turbines at heights ranging from between 80 meters and 95 meters above ground.
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