thyssenkrupp nucera Selected for $50 Million Grant from the U.S. Department of Energy

URLhttps://www.eqs-news.com/news/media/thyssenkrupp-n
SourceEQS-news.com
Date Published03/18/2024

Additional Reshoring Information:

Company/Division name thyssenkrupp nucera USA Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):50
Country(ies) from which reshored:Germany
City reshored to:Houston
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredclean hydrogen and electrolysis
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:$50 million grant from D0E
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