Alevo Energy Opens Concord, North Carolina, Facility
11/17/2014
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.
Project Announcements
GE Vernova Expands Schenectady, New York, Operations
05/26/2023
Southern Rock Energy Partners Plans Cushing, Oklahoma, Crude Oil Refinery
05/26/2023
ForwardEdge ASIC Establishes St. Paul, Minnesota, Operations
05/26/2023
Spain-Based Cosentino Group Plans Jacksonville, Florida, Manufacturing Plant
05/26/2023
Michelin Expands Junction City, Kansas, Operations
05/26/2023
Italy-Based Alpitronic Americas Plans Charlotte, North Carolina, U.S. Headquarters-Operations
05/25/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
Manufacturing and Distribution Trends Impact the Value of Credits and Incentives
Q1 2023