Shaw Group Inc. (SHAW) said Friday that it has been awarded a $10.8 million federal tax credit from the U.S. Department of Energy and U.S. Internal Revenue Service for its Shaw Modular Solutions, LLC, nuclear module assembly facility in Lake Charles, La.
The goal of the tax credit, also referred to as Section 48C of the Internal Revenue Code, is to help build a robust, high-technology domestic manufacturing capacity to supply clean energy projects with U.S.-made parts and equipment. The credit supports several critical components of the Recovery Act, including job creation and investment in the domestic renewable energy industry, and will assist Shaw in continuing its role in moving the commercial nuclear industry forward.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.