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 Hydro-Temp Corporation with Energy Catalyst
Parent companyHydro-Temp Corporation with Energy Catalyst
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):80
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):21
City reshored to:Pocahontas
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredheat 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?Customization/Flexibility, Government Incentives, Higher productivity, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, Defense Production Act
Government Incentive dollar amount:$11mil
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