US invests $70m in ‘smart’ manufacturing

The US Government is investing $70 million (£45.6m) to fund projects that focus on “smart” manufacturing. The funding will support research and development projects that can reduce the cost of […]

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By Priyanka Shrestha

The US Government is investing $70 million (£45.6m) to fund projects that focus on “smart” manufacturing.

The funding will support research and development projects that can reduce the cost of deployment for technologies such as advanced sensors, controls and modelling for manufacturing by as much as 50%.

They are expected to help businesses manufacture more while reducing spending and using less energy.

The Innovation Institute on Smart Manufacturing is part of President Barack Obama’s National Network for Manufacturing Innovation Institutes.

It aims to increase energy efficiency by at least 15% and improve energy productivity by at least 50%.

Energy Secretary Ernest Moniz said: “SMART manufacturing is a key information technology approach to unlocking energy efficiency in manufacturing. These technologies will make industries from oil and gas to aerospace and food production more competitive with intelligent communications systems, real-time energy savings and increased energy productivity.

“Energy intensive industries, such as steelmaking, could see a 10% to 20% reduction in the cost of production, making products such as solar panels and chemical materials, such as plastics, as well as the cars and other products they go into, more affordable for American consumers.”