This project is retrofitting a former coal fired power plant to leverage a significant network of existing utilities, transportation, and facilities to create a domestic manufacturing facility which will install 10,000 tons of capacity for amorphous metals and magnetic component production.
CorePower Magnetics, Inc. is building an advanced metals and component manufacturing facility to boost domestic supply chain resiliency of transformers and motors for grid and electric vehicle applications. This project is retrofitting a former coal fired power plant to leverage a significant network of existing utilities, transportation, and facilities to create a domestic manufacturing facility which will install 10,000 tons of capacity for amorphous metals and magnetic component production. This will increase U.S. production by 20% (10,000 tpy) and meet an estimated 10% of global demand for these materials. CorePower Magnetics, Inc. proposed Community Benefits Agreement (CBA) that includes hiring 25-50 personnel to recapture jobs and lost tax revenues.