tax incentives on purchase of Active Power flywheel
Active Power has announced that its CleanSource UPS product has met relevant energy saving criteria and is now listed on the Energy Technology List (ETL), which is managed by the Carbon Trust on behalf of the UK Government. As a result, UK businesses that purchase Active Power's CleanSource UPS may benefit from a 100% first year capital allowance on their investment against taxable profits. As part of the endorsement, Active Power has also earned the privilege of using the ETL symbol.
"This recognition from the ECA scheme allows us to increase the value of our product for UK customers," said Jim Clishem, president and CEO, Active Power. "Active Power delivers an economically green product to clients by delivering the most energy efficient UPS available on the market that is more predictable and reliable than conventional technologies. Layering on the additional financial benefits from the ECA scheme only deepens the value to the client."
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