Six Colorado companies will receive a share of $2.3 billion in clean energy manufacturing tax credits from the Department of Energy, as part of the American Recovery and Reinvestment Act.
The money will be used to build more energy-efficient buildings, and create more wind, solar and fuel cell power. The Colorado projects are part of 183 projects chosen by the department in 43 states.
Abound Solar Inc. of Longmont will receive $12.6 million; Advance Energy of Fort Collins will receive $1.2 million; Coolerado Corp. in Denver will receive $750,000, Hexcel Corp. will receive $8.1 million; ReflecTech of Arvada will receive $750,000; Vestas Blades in Brighton will receive $8.5 million; and Vestas Towers in Pueblo will receive $21.6 million.
“Energy efficiency, wind and solar power have the potential to revive our economy, create millions of clean energy jobs and stop global warming,” said Gavin Clark, field organizer for Environment Colorado. “Our research shows that clean energy and green infrastructure investments from the American Recovery and Reinvestment Act, totaling $78.6 billion, will prevent about 68 million tons of global warming pollution annually.”
In addition to the tax credits, the Department of Labor announced $100 million grants for green job training.
“The timing couldn’t be better,” said Rhone Resch, president and CEO of the Solar Energy Industries Association. “More than $28 million of the funding will go to Midwestern states that have lost thousands of jobs in the auto industry.”