Johnson Controls, Inc

Inflation Reduction Act (IRA) Johnson Controls Heat Pump Defense Production Act Program. This Project Will Allow Three Manufacturing Facilities to Substantially Increase the Number and Breadth of Electric Heat Pumps Necessary to Transform the Market, Deliver Significant Greenhouse Gas Emissions Reductions, and Establish the U.s. as the Global Leader in Heat Pump Manufacturing.

Committed

$33.1 Million

Paid out
$4.4M
13%
Committed, not yet paid
$28.7M
87%

How to read these numbers

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Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Energy

Manufacturing and Energy Supply Chain Demonstrations and Commercial Applications to