Toyota, NREL Collaborate to Advance Megawatt-Scale Fuel Cell Systems

SourcePR Newswire
Date Published08/24/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:Both
Capital investment ($):$6.5
Country(ies) from which reshored:Japan
City reshored to:Arvada
State(s) reshored to:CO
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Electrical Equipment, Appliances & Components
Product(s) reshoredFuel Cell Systems
What domestic positive factors made reshoring more attractive?Government Incentives, Manufacturing/engineering joint innovation (R&D), Achieving carbon neutrality
Government Incentive dollar amount:collaboration with DOE
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