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Subsidy Tracker Individual Entry

Company: Alstom Inc.and Subsidiaries
Parent Company: Alstom
Subsidy Source: federal
State in Which Facility Is Located: Tennessee
City: Chattanooga
Project Description: Alstom will establish a new turbine manufacturing facility designed to manufacture the world?s largest steam turbines, with unit output up to 1700 MW. The new facility will focus on turbines used in advanced nuclear power plants, retrofitting existing turbines in nuclear power plants with higher efficiency technologies, turbines in new hydro power plants, and retrofitting existing turbines in hydro power plants with higher efficiency technologies.
Year: 2010
Major Industry of Parent: miscellaneous energy products and systems
Specific Industry of Parent: power & transport systems
Subsidy Value: $63,000,000
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Energy Department
Type of Subsidy: federal allocated tax credit
Source of Data: Attachment to January 8, 2010 Energy Department press release: (click here)
Notes: Year is year credit approval was announced.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.