U.S. Company Bets on Solar Manufacturing Upturn With New Plant

URLhttps://www.bloomberg.com/news/articles/2021-06-07
Sourcebloomberg.com
Date Published06/07/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Convalt Energy
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):30
City reshored to:Watertown
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar panels
What non-domestic negative factors made offshoring less attractive?Green considerations, Intellectual property risk, Tariffs
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
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