U.S. Department of Energy Announces $145 Million for Skyven Technologies to Decarbonize Industrial Steam

URLhttps://www.streetinsider.com/dr/news.php?id=22971
SourceStreet Insider
Date Published03/25/2024

Additional Reshoring Information:

Company/Division name Skyven Technologies
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):145
City reshored to:Richardson
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredsteam-generating heat pump for industrial steam
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$145 million
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