President Announces Manufacturing Innovation Competitions
- Friday, 28 February 2014
A Detroit-area based consortium of 60 companies, nonprofits, and universities and a Chicago-based consortium of 73 companies, nonprofits, and universities are partnering with the federal government to launch two new manufacturing innovation hubs.
The President will also launch a competition for a new manufacturing innovation institute to build U.S. strength in manufacturing advanced composites, the first of four new competitions to be launched this year.
The new competition for an Advanced Composites Manufacturing Innovation Institute, led by the Department of Energy, will award $70 million over five years to improve the ability to manufacture advanced fiber-reinforced polymer composites at the production speed, cost, and performance needed for widespread use in clean energy products, including fuel-efficient and electric vehicles, wind turbines, and hydrogen and natural gas storage tanks.