ICYMI: Manchin Applauds $500 Million Manufacturing Investment by Berkshire Hathaway in Ravenswood

Washington, DC – Yesterday, U.S. Senator Joe Manchin (D-WV) applauded Berkshire Hathaway’s $500 million investment into domestic manufacturing in Ravenswood, West Virginia. This investment results from the domestic manufacturing and supply chain incentives included in the Inflation Reduction Act by Senator Manchin and will create a global aerospace manufacturing hub in West Virginia.

 

“Yesterday’s announcement is fantastic news for the people of West Virginia and domestic manufacturing efforts here in the United States. I’m excited by Berkshire Hathaway’s decision to invest in the Mountain State and look forward to seeing the benefits of this investment – including long-term, good-paying jobs and supporting our regional economies – for years to come,” said Senator Manchin, Chairman of the Senate Energy and Natural Resources Committee.

 

“We are pleased with the added strength the IRA brings to the project through advanced manufacturing tax credits, energy investment and production tax credits, and energy storage tax credits. These incentives, and potentially other aspects of the IRA, will help to ensure we are successful in delivering a first-of-its-kind renewable energy microgrid-powered manufacturing hub, which will truly revitalize Ravenswood, West Virginia,” said Berkshire Hathaway Renewables President and CEO Alicia Knapp.

 

“We are thrilled to partner with PCC and West Virginia to deliver this landmark renewable energy solution, hundreds of jobs and significant economic development.” PCC Metals President Steve Wright said, “Our future facility is an outstanding opportunity to use clean energy as we invest in further strengthening our position as a world leader in titanium metals. Manufacturing our products with 100% renewable energy benefits PCC and our customers as we strive to minimize the impact of our operations and wisely use natural resources.”

 

“This is a monumental announcement that will pay dividends for generations to come,” Governor Justice said. “The partnership we are forging with BHE Renewables and PCC is testament to West Virginia’s ability to compete on the world stage and recruit world-class companies like these to our state. I couldn’t be more proud of the fact that West Virginia will help lead the way into a new era of renewable energy microgrid-powered manufacturing. I can never thank BHE Renewables and PCC enough for their commitment to West Virginia and for the jobs and economic ripple effects this partnership will bring.”

Several new incentives in the Inflation Reduction Act invest in domestic manufacturing and focus those investments and new jobs in coal communities. By making the use of other energy tax credits more valuable if used in coal and other fossil fuel communities, the Inflation Reduction Act attracts new investments and creates new opportunities for West Virginia’s workforce.