Voith Hydro has unveiled its newest industrial-scale capital investment in American manufacturing with the addition of a 200-ton, 30-foot-tall PAMA Speedram 3000 horizontal boring mill at its manufacturing plant in York, Pa.
During the inauguration, Voith Hydro announced that it was selected to earn tax credits under the Qualifying Advanced Energy Project Tax Credit (48C), which is funded by the Inflation Reduction Act. The tax credit is for Voith’s investment in machinery to support the production of renewable energy equipment at Voith’s U.S. manufacturing facility. Installation of the HBM is just one of Voith Hydro’s investments qualifying for the tax credit, according to a release. Cnc Honing Machine
The HBM will be used to machine components that are crucial to the operations of North American hydropower facilities.
“Clean energy investments driven by the Infrastructure Investment and Jobs Act, as well as the Inflation Reduction Act, are creating an increased demand for hydropower here in the United States,” said Stanley Kocon, president and chief executive officer of Voith Hydro North America. “This more than $5 million investment enhances our capabilities in hydropower manufacturing and demonstrates our commitment to being a part of the clean energy economy.
“President Biden’s goal to deliver 100% clean electricity by 2035, by creating good-paying jobs right here in the United States allows Voith Hydro to stay true to its core values that a substantial local presence with local manufacturing capabilities can better serve the needs of the U.S. hydropower industry.”
Voith Hydro’s York facility is home to almost 350 hydropower professionals, including nearly 100 members of the IAMAW (International Association of Machinists and Aerospace Workers) union. Voith Hydro said it is the only hydropower manufacturing facility in North America with a hydraulic test lab and a dedicated staff of engineers designing, fabricating and refurbishing hydroelectric equipment.
Voith Group is a global technology company working in the energy, oil and gas, paper, raw materials and transport and automotive industries. Voith Hydro is a partner for the provision of equipment for hydroelectric power plants. Voith develops customized, long-term services and solutions for large and small hydropower plants, covering the entire cycle and all the main components of large and small complexes, ranging from generators, turbines, pumps and automation systems to spare parts, maintenance services, training, and digital solutions for smart hydroelectric power.
China Edm Cutting Machine Stay informed about daily HYDRO REVIEW news, podcasts, training videos, webcasts, commentary, and exclusive articles about HYDRO REVIEW.