The Ohio Development Services Agency has approved more than $15.8 million to fund cutting-edge technology companies and start-ups, including several projects related to clean energy and energy efficiency. “The investment in technology is an investment in Ohio’s future, bringing new ideas and jobs to the state,” said David Goodman, director of the Ohio Development Services Agency.
Energy-related projects include:
- Vadxx Energy, located in the city of Akron (Summit County), was awarded a $1.6 million loan to help develop a facility in Akron which will produce more than 100,000 barrels of synthetic oil and gas through the recycling of plastic wastes.
- Kent State University, located in Kent (Portage County), was awarded a $26,616 grant to develop a robotic system for assembling fuel cell components, and a $35,004 grant to develop an energy-saving smart window system.
For more about Ohio's recent technology advancement grants, click here.