US$5.2m sustainability boost to medium-sized manufacturers
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.”
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