Advance Energy Solutions Plans Ridgeway, Virginia, Solar & Wind Farm
01/25/2021
The building, located on Water Plant Road, no longer served as a water plant and was not currently owned by the PSA.
“We plan to utilize the building for research and development and renewable Energy Control Panel assembly operations to serve renewable energy power equipment manufacturers and solar farm developers in Virginia and North Carolina,” said Advance Energy President, Pugazhenthi Selvaraj.
The company’s patented SunStream technology provides portable solar panels for instant charging of Outdoor recreational devices and cellphones directly from sunrays while hiking, boating, fishing or camping.
Selvaraj said the company chose the site due to its proximity to the Greensboro Triad Airport, along with the pool of potential talent from Virginia Tech’s Electrical Engineering Department and the growing clean energy needs. During the first two years of operation, the company plans to invest $1.5 million in machinery and equipment and hire 15 people.
“We are thrilled that Advance Energy has chosen Henry County for its new facility. It is especially satisfying when a new technology company chooses our area due, in part, to the younger talent we have coming out of our university system,” added Martinsville Henry County Economic Development Corporation Board chairman Larry Ryder.
Project Announcements
Catalent Expands Clark County, Kentucky, Operations
05/20/2022
Flogistix Establishes El Reno, Oklahoma, Operations
05/19/2022
Do Good Foods Establishes Fort Wayne, Indiana, Operations Complex
05/19/2022
Five Star Food Service Relocates-Plans Chattanooga, Tennessee, Headquarters
05/19/2022
LaserForm & Machine Expands Columbia, South Carolina, Operations
05/19/2022
Opendoor Establishes Tempe, Arizona, Operations
05/19/2022
Most Read
-
The Evolution of the Megasite
Q2 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Rail Gains Advantage Amidst Supply Chain Snarls
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
Q1 2022
-
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2021
-
Innovative and Collaborative Design Sets the Stage for Life Science Innovation
Q2 2022