The Ohio Air Quality Development Authority approved more than $20 million in financing for five new advanced energy projects. The funding, part of the $150 million advanced energy portion of the Ohio Bipartisan Job Stimulus Bill, must receive final approval from the state controlling board when it meets on November 22. The projects authorized for funding are:
- CODA Automotive, Inc. (Columbus, Franklin County): CODA Automotive, Inc. was authorized for a $10 million stimulus loan. It plans to produce automotive grade lithium ion cells to make 34 kWH battery packs with advanced thermal management and battery management electronics, for use in electric vehicles.
- SCI Engineered Technologies, Inc. (Columbus, Franklin County): SCI Engineered Technologies, Inc. was authorized for a loan of $1.4 million to assist the company in expanding its capacity to manufacture high-temperature superconductivity material. SCI will use the funds to purchase machinery and equipment to meet the growing demand for its products in the creation of thin-film solar panels used by the solar energy industry.
- Stark County Port Authority (Canton, Stark County): Stark County Port Authority was authorized for a loan of $1.5 million to assist in the establishment of the Wind Energy Research and Development Center on property owned by the college.
- Turning Point Solar LLC (for a solar field to be located outside of Cumberland, Ohio, Muskingum and Noble counties): Turning Point Solar LLC was authorized for a loan of $7.6 million to assist in the construction of a 50 MW solar-powered electric generation station on land within 500 acres of reclaimed strip mine lands owned by American Electric Power.
- The Ohio State University (for a project to be conducted in Belmont, Scioto, Tuscarawas and Warren counties): The Ohio State University was authorized to receive an Ohio Coal Development Office grant of $385,570 to continue its research regarding carbon sequestration in Ohio.