Swiss Company to Build Utility-Scale Batteries in North Carolina
October 30th, 2014Via: Fortune:
A Swiss maker of giant storage batteries for wind and solar farms is taking over a giant Philip Morris plant.
The Philip Morris plant in Concord, North Carolina used to manufacture a billion cigarettes a year. But Americans are smoking less, and in the tobacco giant shuttered the factory’s doors years ago and announced plans to sell the 2,100 acre, the 3.5 million square foot facility. In a sure sign that the U.S. economy is changing for the better, the empty space is not being turned in an outlet mall or water park but into a giant manufacturing site for utility-scale batteries that will store wind and solar electricity. Alevo, the Swiss maker of the battery technology, plans to open the plant Tuesday, and says that within three years they will create 2,500 high paying jobs.
Research Credit: almaverdad2
