US$5.2m sustainability boost to medium-sized manufacturers

Following Fictiv's report, the USA’s Department of Energy has set aside US$5.2m for small and medium manufacturers to adopt sustainable savings

The USA’s Department of Energy has announced a US$5.2m investment for small- and medium-sized manufacturers, for improvements that will increase energy savings and lower greenhouse gas emissions.

 

Manufacturing a sustainable future

In another move towards a 2050 net zero economy, funding has been provided by the Bipartisan Infrastructure Law and offers US$300,000 for each manufacturing company, to follow the DOE’s recommendations.

"President Biden’s Investing in America agenda is ensuring our manufacturing sector continues to create good jobs and power our economy, particularly by providing small- and medium-sized firms the resources they need to improve energy efficiency and reduce costs and emissions,” said Jennifer M. Granholm, Secretary of Energy. “By helping manufacturing facilities implement cost-effective decarbonization solutions, today’s announcement reinforces DOE’s efforts to strengthen American manufacturing competitiveness for generations to come while tackling the climate crisis.”  

 

Fictiv: Medium-sized manufacturers are increasing sustainable practices 

Earlier this year, Fictiv released its 2023 State of Manufacturing report, which explored the attitudes of manufacturing industry leaders to technology and AI. Fictiv’s data shows that sustainable manufacturing is holding fast and that while challenges persist, manufacturers are determined to succeed.

“More than half of manufacturing leaders report increasing investment in renewable energy, a critical component of their carbon reduction strategies, especially among medium and large-sized organisations,” said Nate Evans, Co-Founder and Chief Experience Officer of Fictiv, exclusively told Manufacturing Digital. “This investment fuels the technological innovation and economies of scale necessary to make sustainable solutions more affordable and accessible to the entire manufacturing industry. As highlighted in our report, this increased commitment to renewable energy promises to enhance energy security by reducing reliance on finite resources and vulnerability to regulatory or geopolitical shocks.”
 

*************************************************

Check out our free upcoming virtual event, Manufacturing LIVE, 6th December 2023.

For more insights into Manufacturing - check out the latest edition of Manufacturing Magazine and be sure to follow us on LinkedIn & Twitter.

Other magazines that may be of interest - Healthcare Digital

*********************************************

BizClik is a global provider of B2B digital media platforms that cover 'Executive Communities' for CEO's, CFO's, CMO's, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik, based in London, Dubai & New York offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.

Share

Featured Articles

Rise of European Battery Manufacturing for Electric Vehicles

From ACC to Northvolt, European EV battery manufacturing is on the rise, to combat competition in China. Stellantis & Mercedes-Benz are leading the charge

ABB Acquires SEAM Group for Industrial Transformation

ABB & SEAM Group unite for electrification services. Colin Duncan SEAM Group CEO & Pedro Robredo of ABB, are excited to fuse the two businesses together

Politecnico di Milano's AI Model & Manufacturing Leadership

Giovanni Miragliotta, Politecnico di Milano, discusses the AI revolution, Industry 5.0 & why collaboration with universities should be a priority

S&P Global puts Pirelli in top 1% of Sustainable Companies

Sustainability & ESG

The Opportunities of DSP Technology & AI in Manufacturing

Smart Manufacturing

Dr Schär's Sustainable Packaging & Gluten-Free Innovations

Sustainability & ESG