The Cooper projects for which the tax credits were awarded include $846,180 for modification of the companys manufacturing facility in Waukesha, Wis., allowing it to produce higher-efficiency transformers. The high-efficiency transformers are expected to reduce energy consumption by over 30% as compared to traditional transformers, according to the company.
By 2013, the company estimates the Waukesha project will save customers who choose these products more than 60 million kilowatt-hours per year and approximately 41,592 metric tons of CO2.
Cooper also received a $495,510 tax credit for modification of the companys facility in Nacogdoches, Texas, enabling the company to produce electrical transformers with amorphous steel cores. By 2013, the company estimates the Nacogdoches project will save customers who use the technology more than 5.3 million kilowatt-hours per year and 3,840 metric tons of CO2.
Cooper Power Systems continues to invest to make the grid smarter, more efficient and more environmentally friendly, said Cooper Power Systems Group President Mike Stoessl. These tax credits will also help us continue to drive the growth of our renewable energy and clean technology efforts.