Hydro Aluminum (48C Self-Disclosed)

Hydro Aluminum will construct a new $95 million aluminum recycling facility adjacent to its existing plant in the historic energy community of Henderson, Kentucky. The plant will produce Hydro's proprietary HyForge aluminum forging stock for use by automakers in producing high strength, light weight suspension components. Through novel production processes and use of significant amounts of post-consumer scrap, the HyForge material will carry a carbon footprint more than 30% below existing material in the U.S. market.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.