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MegadealsSubsidy Tracker Individual Entry
Company: GEMX Technologies LLC
Parent Company:
Subsidy Source: federal
State in Which Facility Is Located: New York
City: Schenectady
Project Description: GEMX will re-equip an existing manufacturing facility. The facility will produce sodium metal halide batteries for various markets, including electricity grid support and regulation services to help support renewable energy penetration levels, enable remote power systems based on renewable energy sources, and help increase efficiency by reduced peak power demands.
Year: 2010
Subsidy Value: $25,500,000
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Department of Energy
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.