Gov. Bev Perdue announced today that SCR-Tech LLC, a leading national provider of cost-effective emissions control solutions for power plants, will expand and add an additional facility in Charlotte. The company plans to invest more than $12.4 million over the next five years in capital and lease payments for the expansion and for new technologies. During the next three years, the company plans to create 61 new jobs in Mecklenburg County. The announcement was made possible in part by a $90,000 grant from the One North Carolina Fund.
North Carolina is a national leader in promoting clean, green technologies,” Gov. Perdue said. “Companies like SCR-Tech are expanding to tap into the emerging market for green-friendly products while enjoying our state’s top business climate and knowledge-based workforce.”
The 61 new jobs will pay an overall average wage of $49,372, not including benefits.
SCR-Tech is wholly owned by CoaLogix Inc., which provides innovative solutions for clean energy production with a focus on cost-effective emissions control solutions for the coal and gas-fired power generation industry. The company, with headquarters in Charlotte, currently provides selective catalyst reduction (SCR) regeneration technologies and SCR management services to reduce its customers’ environmental footprint.
The company, which is seeking more space to expand its catalyst regeneration capability in the Charlotte area and meet growing market demand, currently employs 45 employees.
“We are very excited about our company’s growth and expansion plans, and especially honored to have the state’s support through a grant from the One North Carolina Fund,” CoaLogix CEO Bill McMahon said. “Our company and our investors, Acorn Energy Inc. and EnerTech Capital, are committed to serve our customers’ needs by increasing our production capabilities and creating new jobs in the state.”
The One North Carolina Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. All of these grants also require and are contingent upon a mimum 100 percent local match.
“During these tough economic times, it’s important to continue to make the right investments to create jobs and expand businesses in Charlotte,” said Sen. Charlie Dannelly.
“We welcome the new jobs and the additional investment in Charlotte,” said Rep. Beverly Earle. “Our business-climate and knowledge-based workforce continue to attract growing companies.”
Through use of the One North Carolina Fund, more than 40,000 jobs and $6.5 billion in investment have been created since 2001. Project partners include: the state Department of Commerce, Mecklenburg County, the City of Charlotte and the Charlotte Chamber of Commerce.
For more information about SCR-Tech, including employment opportunities, visit http://www.coalogix.com.