The Commonwealth of Massachusetts
Executive Department
State House Boston, MA 02133
(617) 725-4000
MITT ROMNEY
GOVERNOR
KERRY HEALEY
LIEUTENANT GOVERNOR
FOR IMMEDIATE RELEASE:
June 30, 2006 CONTACT:
Laura Nicoll
(617)725-4025
Danielle Andre
Nuvera Fuel Cells
(617) 245-7571
HEALEY CELEBRATES NUVERA EXPANSION IN MASSACHUSETTS
BILLERICA – Lieutenant Governor Kerry Healey today joined officials at Nuvera Fuel Cells to celebrate the groundbreaking of the company’s new facility and the creation of 250 jobs.
The relocation and expansion allows Nuvera to nearly double the size of its current facility in Cambridge from 56,000 square feet to 111,000 square feet. The company plans to increase its staff from 100 employees to more than 350 over the next five years, with the highest concentration of job growth in skilled manufacturing. Nuvera has also committed to hiring 10 percent of its additional staff from the town of Billerica.
“Bringing new jobs to Massachusetts is a top priority and we continue to work with local companies like Nuvera to help them grow and thrive,” said Healey. “Nuvera represents the kind of innovation that serves as the backbone of the 21st century economy and we need to do more to spur job growth in Massachusetts.”
Nuvera Fuel Cells is a global leader in the development and advancement of multi-fuel processing and fuel cell technology committed to providing clean, safe and efficient power solutions. The company has planned an estimated $15 million capital investment in the existing structure prior to its relocation, which will begin next summer. The new facility will consist of more than 50 percent light manufacturing space, with the remainder consisting of combined office and research laboratory space.
“Nuvera’s leadership in the alternative energy industry, and its long-term commitment to the Commonwealth’s economy and the region, will help maintain Massachusetts’s technology image,” said Nuvera Fuel Cells CEO Roberto Cordaro. “With three new products coming to the market in 2007, Nuvera’s immediate requirement was to identify the best site for our US operations, which includes headquarters, R&D, manufacturing, and training functions.”
Cordaro applauded the Commonwealth’s role in helping Nuvera grow and expand its operations. The Massachusetts Office of Business Development coordinated the effort with Mass Development and the Massachusetts Technology Collaborative to secure funding for the expansions. Mass Development approved a 7-year, $5.75 million loan, consisting of a $2.5 million Emerging Technology Fund (ETF) loan and a funding commitment of $3.25 million from the Massachusetts Technology Collaborative.
“The Town of Billerica is pleased to welcome Nuvera Fuel Cells to our business community, and the economic impacts are significant,” said Ellen Day Rawlings, Chairwoman of the Billerica Board of Selectman. “Nuvera Fuel Cells is also committed to working with local officials on possible applications of its technologies toward the delivery of municipal services to help reduce costs for our town.”
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