Michigan Supplier Conversion Grant · Hardware
Marel Power Solutions receives $1.9m manufacturing grant
The Michigan Supplier Conversion Grant will fund equipment for pilot-scale power-stack manufacturing in Michigan.
The award is administered by the Michigan Department of Labor and Economic Opportunity. It provides $1.9m for equipment as Marel moves from power-conversion platform development toward production testing.
Pilot-scale manufacturing will support power stacks used inside converters and inverters. The grant is a manufacturing award, rather than an equity financing round.
Use of funds
Purchase equipment to build power stacks at pilot scale in Michigan
Funding history
Michigan Supplier Conversion Grant · This round$1.9M