Worth $1-Million
8:42 am
Sat March 22, 2014

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.