TS Conductor Corp (48C Self-Disclosed)

TS Conductor has been awarded up to $36 million through the 48C program to help establish a clean energy manufacturing facility in Indiantown, Florida. The facility will manufacture the Total Solution Conductor (TSC), a high-performance electrical transmission distribution conductor that will drastically reduce greenhouse gas emissions. The eligible facility, known as the Carbon Composite Conductor Florida Expansion (CCCFE), will be located on the site of the Indiantown Cogeneration Plant. The project will meet prevailing wage and apprenticeship requirements and expand opportunities for workers impacted by the energy transition away from coal and fossil fuel-based industries. TS Conductor Corp. is a Minority Owned Business that manufactures advanced high-capacity conductors that can triple power grid capacity without retrofitting any structures in existing right of way and reduce line loss by half. It also facilitates new transmission line construction with the least capital expenditure among all conductor options. Deployed nationwide, TSC would reduce energy generation GHG emissions from line-loss by approximately 60 million metric tons per year (Mt yr) or 1.2% of all U.S. GHG emissions. Even more impactful, further deployment would increase capacity of existing grid infrastructure to support 100% of the solar and wind generation projects currently seeking grid interconnection.

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.