Two Metro Detroit companies are taking
large chunks of $20 million in loans and grants to push forward growth
in the emerging clean energy industry.
Rochester-based URV USA
and KC Jones Plating Co of Warren received $4.3 million of the $20
million pie paid for by the federal stimulus package. That money will be
utilized to develop parts for wind turbines.
URV USA, a
subsidiary of Finland-based Uudenkaupungin Rautavalimo Oy, will use
its $4 million ($3.5 million in grants and $500,000 in loans) to
manufacture the next generation of metal cast, utility scale wind energy
system turbine bed plates and hub components. The company will build a
foundry in Eaton Rapids that will employ 100-150 people when it opens in
January of 2012. It will also establish its headquarters that currently
employs three people but will get up to 7-10 employees within a year.
in the process of creating a corporate office here in Oakland County,”
says Blaire Miller, CFO of URV USA.
KC Jones Plating Co has $300,000
split evenly between loans and grants. It will develop the next
generation of surface finishing technology for wind turbine components
to improve the metal parts’ resistance to corrosion and wear.
funding allows small, Michigan-based businesses to diversify into
advanced manufacturing of renewable energy systems and components that
will boost the state’s economy, create jobs, and reduce its reliance on
Source: State of Michigan and Blaire Miller, CFO of URV USA
Writer: Jon Zemke