Biden-Harris Administration Announces $169 Million to Accelerate Electric Heat Pump Manufacturing as Part of Investing in America Agenda

URLhttps://www.energy.gov/articles/biden-harris-admin
SourceEnergy.gov
Date Published11/17/2023

Additional Reshoring Information:

Company/Division name Copeland LP
Parent companyCopeland LP
Reshoring category:Reshoring
Year reshoring announced:2023
Capital investment ($):11.5
City reshored to:St. Louis
State(s) reshored to:MO
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshorednext-level of high-efficiency heat pumps
What non-domestic negative factors made offshoring less attractive?Green considerations, Social/ethical concerns, Supply chain interruption
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Government Incentives, Higher productivity, Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training, Defense Production Act Heat Pump Program
Government Incentive dollar amount:$11,488,975
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