Aug 30, 2010 -- Datamonitor



The Arizona Department of Commerce has awarded seven Arizona renewable energy companies more than $2.7 million to advance their operations and create nearly 180 new jobs for Arizonans.

The awards come through the Manufacturers' Energy-Efficiency Grant Assistance (MEGA) Program at the Arizona Commerce Authority, and are targeted at creating and implementing energy solutions. The recipients of the grants are Fluidic, Linamar Solar Systems, Prism Solar Technologies, Rogers Corporation, Schletter, Southwest Windpower and Suntech Arizona.

The reimbursable grants are for the purchase of new energy-efficient fixed assets. Manufacturers were required to create at least two jobs per $100,000 received, provide 50% matching in-kind funds, and ensure the equipment would be operational within 12 months. Recipients of MEGA grants include new and expanding Arizona companies, the Arizona Department of Commerce reported.

The grants are part of the State Energy Program (SEP) funded through the American Recovery and Reinvestment Act (ARRA) of 2009. The US Department of Energy provided $55 million of ARRA funding to Arizona's SEP for the creation and implementation of energy solutions.

News Provided By