Ohio Third Frontier awards funding to 4 local firmsWritten by Duane Ramsey | | email@example.com
The Ohio Third Frontier Commission recently awarded more than $14 million in funding through its Photovoltaics, Fuel Cell and Advanced Energy Programs for fiscal year 2011, including $4.95 million to four firms in Northwest Ohio.
“We want to continue to stay on the cutting edge of advanced energy, allowing our companies to grow and create good-paying jobs,” Mark Kvamme, director of the Ohio Department of Development, stated in a press release.
The three programs are designed to accelerate the development and growth of some of the state’s most promising green technologies. The programs provide direct financial support to organizations commercializing new processes, products or technologies or adapting existing components to reduce the cost and improve efficiencies of photovoltaic or fuel cell systems and other advanced energy technologies.
The Third Frontier’s Photovoltaics Program awarded $950,000 to DyeTec Solar, Inc. of Toledo in collaboration with Pilkington North America, Inc. for Dye-Sensitized PV Architectural Glass. The project will further develop DyeTec’s dye-sensitized photovoltaic cell technologies for application in architectural glass that will be used in commercial and residential windows for generating electricity.
“DyeTec is fortunate to leverage Toledo’s rich history in glass processing and solar technology as well as a talented workforce. Ohio represents an ideal environment for DyeTec Solar to grow its R&D and manufacturing centers,” Marc Thomas, CEO of Dyesol and president of DyeTec Solar, stated in a press release from the company.
DyeTec Solar Inc. is a joint venture involving Dyesol Inc., the wholly owned U.S. subsidiary of Dyesol Ltd. based in Australia.
Three of the four local firms are collaborating with research sources at the University of Toledo.
“Collaborative research efforts and public-private partnerships have long been at the core of The University of Toledo’s economic development efforts,” Dr. Frank Calzonetti, vice president for research and economic development at UT, said in a statement provided to the Toledo Free Press.
“Not only do these collaborations provide stellar teaching and learning opportunities for students, faculty and researchers, but they provide the community with vital economic assistance. That three of four northwest Ohio firms receiving recent Ohio Third Frontier work with UT researchers only goes to show how much more can be accomplished for this region by working together,” Calzonetti said in the statement.
The Third Frontier’s Fuel Cell Program awarded $1 million to Advanced Battery Concepts LLC of Port Clinton in collaboration with Crown Battery and UT for the rapid commercialization of advanced high energy batteries. The project is developing bipolar electrode technology that will enable a substantial increase in the lifetime energy, power density, and environmental friendliness of traditional lead-acid batteries.
The Advanced Energy Program awarded $2 million to Suganit Systems, Inc. of Toledo in collaboration with UT for the development of a pilot scale demonstration of ligno-cellulosic fuel ethanol. The project is developing a cellulose to ethanol process that could lead to the first commercial cellulosic ethanol plant in Ohio.
“We very excited about moving forward with the pilot program followed by the commercialization stage of the business with these funds,” said Praveen Paripati,
president of Suganit Systems Inc., who has been working with UT on research for this technology for five years.
The Advanced Energy Program also awarded a $1 million loan to GEM Energy Management, Inc. of Walbridge in collaboration with JDRM Engineering and UT for the modular integrated energy systems for critical operations. This project is developing a heat and power generation system that will be integrated into a customer’s existing infrastructure and provide a continuous power supply not dependent on electric grid availability, solar radiation or wind resource.
The Ohio Third Frontier is a bi-partisan commitment by the Department of Development to create new technology-based companies, industries, jobs and products. It has attracted more than $5.2 billion in other investments to Ohio and has a nearly nine-to-one return on investment.
The Third Frontier has assisted in the creation or retention of more than 60,000 direct jobs in Ohio, according to the Department of Development.
Fayette firm awarded job creation tax credit
Kelsey-Hayes Company was awarded a 35 percent Job Creation Tax Credit for a seven-year term as a result of the company’s expansion in the Village of Fayette. The value of the tax credit is estimated at $130,367 over the term, according to the Ohio Tax Credit Authority.
The company would be required to maintain operations at the project site for 10 years. Kelsey-Hayes manufactures and markets automotive brake parts used in passenger cars and light trucks.
This project includes dismantling and rearranging of seven existing production cells within the plant to make space for a high-volume production line for new business. The $3.96 million project is expected to create 24 jobs and retain 149 positions.
The Ohio Tax Credit Authority is a five-member independent board consisting of taxation and economic development professionals from throughout the state and is responsible for reviewing and approving applications for state tax credit assistance.