Executive Orders
COLUMBIA, S.C. – The SC Nexus for Advanced Resilient Energy (SC NEXUS) today received $45 million in implementation grant funding through the U.S. Department of Commerce’s Economic Development Administration (EDA) Tech Hubs program, which is designed to scale up the production of critical technologies, create jobs in innovative industries, and strengthen U.S. economic competitiveness and national security.
Last fall, the EDA designated 31 entities across the country as federal tech hubs, including SC NEXUS. The designation allowed the tech hubs to apply for approximately $500 million in grant funding. SC NEXUS is one of only 12 of the 31 tech hubs receiving funding.
The funding for SC NEXUS projects will better position the tech hub as it leverages the region’s dynamic manufacturing base, superior research capabilities, and proven record of public-private collaboration to commercialize emerging energy storage materials and manufacturing techniques.
“Today is a transformative day for South Carolina and SC NEXUS, and its efforts to strengthen our state’s energy future and economic competitiveness,” said Governor Henry McMaster. “Once again, our ability to collaborate and utilize our greatest resource – our people – has been recognized through the awarding of this funding.”
Of the six SC NEXUS projects submitted for funding consideration, the EDA awarded federal funding to four projects, including the:
While the Entrepreneurship and Innovation Exchange (eiX) project, led by the South Carolina Research Authority, did not receive federal funding, further development of and securing funding for this project remain a top priority.
Also, the previously announced H2 Testbed project did not receive funding. SC NEXUS will not be moving forward with the project as described in the funding application. The project is currently in redevelopment, and new information will be shared as it becomes available.
“South Carolina is the place for businesses to excel from launch to legacy – the funding for and work through SC NEXUS will enhance speed to market when it comes to developing and deploying technologies that will help our state, the nation and the world meet the ever-growing energy needs,” said Secretary Harry M. Lightsey III.
SC NEXUS is a consortium that consists of more than 50 public and private member entities. As a federally designated tech hub, SC NEXUS will be given priority in future EDA funding opportunities.
For more information about SC NEXUS or how to join the tech hub, visit scnexus.org.
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