North Carolina Construction News staff writer
Atom Power will expand its headquarters and manufacturing operations in Mecklenburg County, with a $4.2 million project.
“North Carolina leads the nation in the transition to the clean energy economy,” said Governor Roy Cooper. “Electric Vehicles are key to this transition and I’m pleased Atom Power is expanding in Huntersville to make critical parts for EV charging stations which will be located throughout North Carolina.”
Atom Power pioneered what’s known as networked energy, a new standard for an electrified world. The company has developed the world’s first UL listed and commercially available solid state digital circuit breaker, which they are now leveraging to deliver electric vehicle (EV) charging infrastructure to multiple market segments, such as fleet operators, multi-family residential properties, and destination charging stations.
The company’s project in Huntersville expands its headquarters operations as well as its research and development capabilities and the physical spaces dedicated to manufacturing.
“Since Atom Power’s founding in 2014, we’ve been committed to growing our footprint within North Carolina,” said Ryan Kennedy, co-founder and CEO of Atom Power. “Our continued expansion in Huntersville will enable us to further tap into the rich and diverse local talent pool, while also supporting the growing demand for our unique approach to EV charging infrastructure.”
Because Atom Power chose a site in Mecklenburg County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $399,500 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.
“It’s great news when a company that’s already doing business in our community decides to grow and expand here, especially when the company is part of our state’s initiative to meet our climate change goals” said N.C. Senator Natasha Marcus. “Atom Power is an innovative company helping pioneer a growing industry and I speak for everyone in Huntersville and Mecklenburg County when I say congratulations on your expansion in our area.”