• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


Alevo Energy Opens Concord, North Carolina, Facility

An energy service provider that uses a combination of innovative battery technology and smart data analytics to reduce waste and inefficiencies in the grid delivery system, Alevo Energy opened its new 3.5 million-square-foot facility at Victory Industrial Park in Concord, North Carolina.

The firm, which focuses its efforts on battery storage technology and GridBanks, plans to create 2,500 jobs initially and invest $1 billion in the state. According to state officials, in order to create the infrastructure for the scale of the manufacturing required, Alevo bought the 3.5 million square foot former Philip Morris factory in Concord and will build multiple production lines there beginning in 2015.

The facility is centrally located in the eastern part of the county with rail service available on its property. The site is also adjacent to Interstate I-85.

“It’s great to welcome this exciting and innovative company – along with the new jobs – to North Carolina,” said Governor Pat McCrory. “Not only will these batteries reduce waste and inefficiencies, but they will also help lower the cost of energy for consumers. The energy technology sector is a growing part of our economy that employs thousands in North Carolina.” According to the Governor’s Office, no state or local incentives were used to help make this project possible.

Article Discussion

Follow Area Development