Clean energy investments bring jobs, economic growth to NC [Video]

The Department of Energy revealed details about 35 clean energy projects totaling $1.93 billion in funding across 20 states, including North Carolina.

Siemens will receive more than $18 million in tax credits to expand its transformer manufacturing facility in Charlotte, adding nearly 500 new jobs.

“We look globally to decide where to make these factories and where to make our products, and without these incentives that could very much go to other locations,” said Rich Voorberg, president of Siemens North America.

Incentives luring business from Siemens and others are boosting the domestic supply chain, as 90% the power we consume passes through transformers and 80% are currently imported.

“Many of the components necessary for the clean energy transition have been produced in China largely,” Granholm “They have had a strategic industrial policy to corner the market on this. And we are saying no more. We’re going to do it here.”

These projects are part of …