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Turbine Maker Gets $7 Million In State, Federal Grants

Fri, 04/30/2010 - 4:53am

HOLLAND, Mich. (AP) — The state and federal governments are providing $7 million to help a western Michigan company develop wind-energy products.

Energetx Composites of Holland makes turbines. The Michigan Economic Development Corp. this week said it's giving $3.5 million and the U.S. Energy Department will match it.

Energetx says it's working with Midland-based Dow Chemical Co. and Oak Ridge National Laboratory in Tennessee. The company hopes to bring 1,000 new jobs to Holland by 2016.

Energetx is related to a boat company called S2 Yachts and was formed to use some of the same manufacturing capabilities.

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