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Global Technical Systems Plans Energy Storage Manufacturing Complex in Virginia Beach, Virginia

12/07/2017
Global Technical Systems, a premier provider of advanced engineering solutions, will invest $54.7 million in a new, electro-mechanical energy storage system manufacturing operation in Virginia Beach, Virginia. The project is expected to create 1,110 new jobs.

The company will construct a 500,000-square-foot advanced manufacturing center to produce and distribute 100 percent green energy storage systems using advanced composites and engineering technologies. The new facility will be located on approximately 30 acres of land currently owned by the City of Virginia Beach, at the site of the former Owl’s Creek Golf Course. Construction will begin in the first quarter of 2018 and the facility will be operational in 2019.

“This green energy manufacturing center is a long-standing dream we’ve had at GTS,” said Terry Spitzer, CEO of Global Technology Systems. “Having steadily grown our business since 1997, we’ve continuously expanded our technical engineering competencies to meet the dynamic needs of our commercial and government customers. “ “We have recently developed game-changing technologies that we believe will shape the future of renewable energy, grid modernization and other energy-dense storage applications,” Spitzer said. “Central to our aspirations is delivering much-needed economic diversification and high-paying advanced manufacturing jobs. By undertaking development of this manufacturing facility and green energy storage market, we think we’ll be able to deliver on that aspiration in a truly meaningful way that will eventually touch the lives and economic security of thousands in our community.”

The Virginia Economic Development Partnership worked with the City of Virginia Beach to secure the project for Virginia. Governor Terry McAuliffe approved a $1.8 million grant from the Commonwealth’s Opportunity Fund to assist the city with the project. The Governor also approved a $3 million performance-based grant from the Virginia Investment Partnership program, an incentive available to existing companies.

The company will be eligible to receive Sales and Use Tax Exemptions on manufacturing equipment, and will also be eligible to receive a Major Business Facility Job Tax Credit. Funding and services to support GTS’s employee training activities will be provided through the Virginia Jobs Investment Program.

“Global Technical Systems has called Virginia Beach home for 20 years, and an expansion of this magnitude is transformational for the city and the region,” said Governor McAuliffe.

Secretary of Commerce and Trade Todd Haymore said, “GTS's expansion will have a sizable impact on Hampton Roads' strong manufacturing community and will propel Virginia forward as a leader in this industry of the future. Our manufacturing sector, which employs more than 242,000 Virginians, continues to be a major driver of the economy, and we thank GTS for choosing to reinvest in Virginia Beach and the Commonwealth.”

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