The U.S. Department of Energy today announced that Draka Cableteq USA (DCUSA) of North Dighton, MA will receive grant funding totaling $3,222,398 as part of the DOE's geothermal energy initiative.
Draka operates a manufacturing facility in Taunton, MA and employs approximately 250 people in the state.
The funding, which was awarded in a competitive process, will support research and development of high-tech cable that can measure temperature and pressure in extreme temperature and pressure environments.
Congressman Barney Frank has actively supported Draka Cableteq's application for grant funding. In his letter to the Department of Energy in July he cited DCUSA's "significant experience in cable manufacturing for the oil and gas industry."
"Massachusetts companies and their employees are poised to excel in the 21st century economy," said Congressman Frank. "The work that they do improving alternative sources of energy has far reaching consequences for our economy and our goal of energy independence."
"Draka is very pleased to have been awarded this grant to develop a downhole sensing cable for enhanced geothermal systems," said Kevin Hamilton, Business Unit Manager for the company. "Not only will this significantly advance our nations capability to harness this plentiful renewable energy source, but also firmly reiterates Draka's technology leadership in this area.
In total, the Department of Energy today announced 123 grants in 39 states, totaling $338 million for research and development in geothermal energy. Each grant will be matched one-for-one by private and other non-Federal funds.