AMJET Lands Federal Grant
A potential Keokuk industry is getting a financial boost from the federal government.
AMJET Turbine Systems will receive $1-million from the U.S. Department of Energy to build a full-size version of its micro-hydroelectric turbine.
The company says the size of the turbines will eventually allow them to be placed in a wide variety of waterways.
AMJET is still in line for a $10-million grant from the Department of Energy, which could allow mass production to get begin.
Keokuk and Lee County are each investors in the company.