The Charlotte region
makes a play
to be the nation’s
‘new energy capital’
Platinum Sponsor: Academic Partner:
2 | energy Inc. CHARLOTTE BUSINESS JOURNAL WEEK OF ApRIL 23, 2010
K&L Gates is honored to be a supporter and Platinum Sponsor of the Energy, Inc. summit.
This summit conﬁrms the rise of the Charlotte region as a national energy hub and
underscores the region’s vital role in our energy future, locally, nationally, and globally.
As a law ﬁrm with a global energy practice coupled with a signiﬁcant and
long-standing Charlotte presence, we are proud to be associated with many of
the energy companies in this area, ranging from long-established companies to newer As our economy continues down the path of improvement,
enterprises and businesses recently expanding or relocating to this region.
energy is increasingly becoming a part of our everyday
K&L Gates salutes their efforts in achieving this national recognition for our region.
discussions. Clean energy, being green, and sustainability
are words we use in the workplace and at home.
Our ﬁrm is enthusiastic about the Charlotte region’s continued growth as a major energy
hub. As an international law ﬁrm with ofﬁces on three continents and broad experience in AREVA is pleased to participate in these energy discussions
multiple disciplines across the full spectrum of energy sectors, we look forward to playing and to offer solutions to our customers for nuclear energy
a prominent role in contributing to that growth. and renewable energy generation, including clean wood
biomass, offshore wind and concentrated solar power. These
generation solutions will create jobs that will help our economy
The K&L Gates Team on this road to recovery, growth and prosperity.
Global legal counsel in 36 cities on three continents. The employees of AREVA are proud to be part of the growing
and prosperous Charlotte, N.C. business community and
many other communities around our nation. And we look
forward to making investments to support the resurgence of
nuclear energy and the growth of renewable generation for
years to come.
The Charlotte Region is beginning to distinguish itself as “The New Energy
Capital” and Forsite is proud to sponsor this Energy Inc. conference.
Forsite’s contribution to the regions efforts to promote the “Clean Energy
Economy” is the development of ReVenture Park, North Carolina’s largest
Eco Industrial Park. This 667 acre former textile dye manufacturing plant has
1.4 miles of river frontage along the Catawba River and is currently listed as a
[ not the dow ]
Federal Superfund Site. Our redevelopment plan is to utilize the sites extensive
infrastructure to create large scale renewable energy and clean fuel projects
including a biomass power plant, biomass fuel production thermal solar, bio-
diesel refining and a green business incubator among others.
A smaller comeback
ready for ion
When complete, ReVenture could easily create 1000 + new green jobs, enough
renewable energy for 50,000 homes and top $900 million in net new investment.
Developer’sdebt and the
plan trims holdings.
value of its P11
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Forsite has gained national recognition for creating the vision for ReVenture
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On page 14
ca ll (704) 97
Call 704.973.1144 to subscribe Tom McKittrick
www.charlottebusinessjournal.com Forsite Development, Inc.
4 | energy Inc. CHARLOTTE BUSINESS JOURNAL WEEK OF ApRIL 23, 2010
From the Publisher
Charlotteans witnessed with amazement the rapid rise of our banking industry in the 1990s. A sleepy
Southern town was suddenly thrust onto the global stage as home to two of the nation’s top banks.
President & Publisher
Charlotte again seems to be on the verge of a rapid and stunning transformation, this time in the
energy field. The region has aspirations to be the nation’s New Energy Capital. This is more than a Robert Morris Editor
catchy phrase — the region wants to be home to any company involved in energy production. David Harris Managing Editor
As the stories in these pages will show, this entails a concerted effort by major industry players, Steve Cranford Associate Editor
organizations such as the Charlotte Regional Partnership, government officials and entrepreneurs. Sheila Cottringer Advertising Director
You’ll read how Duke Energy Corp.’s Jim Rogers jump-started the effort last year with an energy Keeley Brown Tase
summit to bring together key players. He has also played a behind-the-scenes role in recruiting firms to Senior Business Development Consultant
the region that are giving credibility to the New Energy Capital campaign. Dawn Brown, Gail Dougherty, Frank Harlow
Business Development Consultants
Charlotte needs success stories to compete against other regions intent on taking the crown. As the
Chuck Harris Marketplace Advertising Consultant
nation recovers from recession, the capabilities and growth of players such as Duke, Piedmont Natural
Gas, Siemens Energy Shaw Power Group and Areva hold the promise of realizing this vision.
, Business Development Coordinator
The Charlotte Business Journal is pleased to present this inaugural Energy Maggie Lynn Production Director
Inc. publication. We also are pleased to sponsor the Energy Inc. symposium Greg Russell Graphic Designer
on April 23 that will allow our guests to hear the views of leaders in the
Dale Morefield Circulation Director
industry We are grateful to our many sponsors that helped make this event
Dory Rogers Marketing and Events Manager
Rick Teare Business Manager
These are challenging times, but the promise of the region’s
The entire contents of this newspaper are copyrighted by American City
transformation in energy makes them exciting. Rest assured the Business Journals Inc. 2010 with all rights reserved. Reproduction or
Charlotte Business Journal is committed to following our journey. use, without permission, of editorial or graphic content in any manner
is prohibited. The Charlotte Business Journal, ISSN-0887-5588, is
published weekly by American City Business Journal Inc., at 1100 S. Tryon
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subscription, $172.00 for a two-year subscription, $203.00 for a three-year
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Postmaster please send address changes to: Charlotte Business Journal,
Kevin Pitts 1100 S. Tryon St., Suite 100, Charlotte, NC 28203.
President & Publisher Publisher: Kevin Pitts Phone: (704) 973-1100 or (800) 948-5323
Fax: (704) 973-1102 Internet: charlottebusinessjournal.com
New Century Systems, Inc.
Wishes to thank all of our
for supporting Charlotte North Carolina based Diversity Small Businesses over the past 15 years...
During those 15 years, New Century Systems, Inc., an HP Elite Diversity Partner, has strived to provide our customers with the very best
Information Systems Solutions from Digital Equipment Corporation, Compaq Computer, Microsoft, and Hewlett-Packard. NCS has
combined 50+ years of staff experience with major Information Technology Providers to deliver superior business solutions. Our customer’s long
term commitment to support NCS and other Diversity Companies has been instrumental in our continued success as a Charlotte based business. We
are very grateful for your continued business and support.
Frederick L. Denton
New Century Systems, Inc.
WEEK OF april 23, 2010 CHarlOTTE BUSiNESS JOUrNal energy Inc. | 5
energy capital arises poWer players
6 Making its case 18 shaw’s growing role
The Charlotte region’s expertise in power production inspires Jeff Merrifield oversees Shaw Power Group’s
campaign to be the nation’s new energy capital. efforts to design and build power plants.
7 Duke’s rogers provides spark 20 a French accent
Duke Energy CEO Jim Rogers gets behind effort French firm Areva prepares for a rebirth of
to develop the Carolinas as center of energy nuclear power at its Charlotte-based operations.
20 other voices
8 gaining momentum Six executives in energy sector discuss the growth prospects of
Siemens joins a growing cluster of energy com- their firms and the region.
panies that are expanding or locating here. Rogers
22 alternatives seek traction
8 research backs industry Leaders at Charlotte’s small renewable-power companies say
UNC Charlotte’s research center set to play a leading role in this part of the energy industry faces challenges.
advancing energy industry.
9 training a work force What they are saying
Central Piedmont Community College partners with business to 25 partnership’s push
offer curriculum needed to build, operate power plants.
Charlotte Regional Partnership is taking lead
11 Benefits of diversification role in promoting the region as the new energy
With banking and finance badly hurt by the recession, the rise of
the energy sector takes on heightened significance. 25 chamber’s energy agenda
12 policy considerations Charlotte Chamber outlines changes in federal
and state policy that are needed to foster
Proponents say state needs to make some regulatory changes to development of the industry.
advance various components of energy production. Bryant
26 tax credits need revision
13 Working with legislators State policy on treatment of tax credits is curbing enthusiasm for
Conservation measures won’t progress much without help from investments in renewables.
the General Assembly.
27 new purpose for industrial parks
24 Funding energy projects The nation’s huge inventory of unused industrial properties can
Charlotte firm Abundant Power gears up to finance clean-energy house energy projects.
27 solar power’s promise
top 25 list Solar energy is poised for growth, but some regulatory changes
and financial incentives are needed for it to fully realize its poten-
16 top area energy companies tial.
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