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 Mitsubishi Electric Cooling & Heating
Parent companyMitsubishi Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Capital investment ($):50
City reshored to:None listed
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredHigh-Efficiency Heat Pump Compressors
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?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:$50,000,000
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