Marel Power Solutions Awarded $1.9 Million State Grant
Marel Power Solutions has received $1.9 million through the Michigan Supplier Conversion Grant Program. The funding will support the expansion of its power electronics manufacturing capabilities.
Marel Power Solutions, Inc. has been awarded $1.9 million from the Michigan Supplier Conversion Grant Program, administered by the Michigan Department of Labor and Economic Opportunity (LEO).
The funding is earmarked to scale up the company's manufacturing capacity for power electronics. Production will focus on components for electric vehicles, data centers, and the defense industry, areas experiencing significant growth.
The company produces high-performance power supply solutions. This grant will enable Marel Power Solutions to increase its production output to meet the rising demand for its products in these critical sectors.
The Michigan state grant is part of a broader initiative to bolster the state's technology manufacturing sector and attract advanced manufacturing businesses. The program aims to create jobs and foster economic development within the state.