The Economy

Power Equipment Manufacturer Receives Clean-Tech Tax Credits to Modify Facilities

Jan. 15, 2010

Cooper Power Systems, a Waukesha, Wis.-based manufacturer of medium- and high-voltage electrical equipment, components and systems, has received $1.3 million in federal tax credits to modify several of its facilities.

Josh Cable

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.

About the Author

Josh Cable | Former Senior Editor

Former Senior Editor Josh Cable covered innovation issues -- including trends and best practices in R&D, process improvement and product development. He also reported on the best practices of the most successful companies and executives in the world of transportation manufacturing, which encompasses the aerospace, automotive, rail and shipbuilding sectors.

Josh also led the IndustryWeek Manufacturing Hall of Fame, IW’s annual tribute to the most influential executives and thought leaders in U.S. manufacturing history.

Before joining IndustryWeek, Josh was the editor-in-chief of Penton Media’s Government Product News and Government Procurement. He also was an award-winning beat reporter for several small newspapers in Northeast Ohio.

Josh received his BFA in creative writing from Bowling Green University, and continued his professional development through course-work at Ohio University and Cuyahoga Community College.

A lifelong resident of the Buckeye State, Josh currently lives in the Tremont neighborhood of Cleveland. When the weather cooperates, you’ll find him riding his bike to work, exercising his green thumb in the backyard or playing ultimate Frisbee.