Pittsburgh-based CorePower Magnetic will receive funding from infrastructure law to build manufacturing facility for electric vehicle battery components
Funding will create more than 25 jobs at electric vehicle battery component manufacturing facility
Casey fought to secure funding for grant program in the Infrastructure Investment and Jobs Act
Washington, D.C. - Today, U.S. Senator Bob Casey (D-PA) announced $20 million from the Department of Energy (DOE) for Pittsburgh-based CorePower Magnetics to build an advanced metals and component manufacturing facility. The funding comes from the DOE’s Advanced Energy Manufacturing and Recycling Grant Program, established in the Infrastructure Investment and Jobs Act (IIJA), and will help CorePower Magnetics retrofit a former coal fired power plant to create a domestic manufacturing facility with 10,000 tons of capacity for amorphous metals and magnetic component production.
“The infrastructure law is helping America take control of its future and become the manufacturing powerhouse we know we can be,” said Senator Casey. “Southwestern Pennsylvania has long provided the power that built our Nation, and this funding will help CorePower Magnetics and its workers continue that tradition as we create the technology of the future.”
Senator Casey fought to pass the IIJA, which funded this project and has delivered more than $13.8 billion in federal funding for Pennsylvania since its passage in 2021. Casey also supported the Inflation Reduction Act (IRA), which included his provision to provide a tax credit for clean energy projects built in energy communities like Southwestern Pennsylvania. A new report shows that, since the passage of the IRA, energy communities are leading the Nation in new clean energy investment.
