Power One Inc. Announces Green Energy Plant in Arizona
Power One Inc., the leading provider of renewable energy, energy-efficient power conversion and power management solutions, announced today that it will open its new manufacturing facility in Phoenix, Arizona.
“Power-One is pleased to announce the opening of its new renewable energy manufacturing facility in Phoenix,” said Richard Thompson, President and Chief Executive Officer of Power-One. “We are excited to bring our field-proven products to the United States and Canadian markets, as we see tremendous growth opportunities in North America.”
Power-One’s expanded capacity is possible because of the success witnessed in Canadian and European plants. Upon completion of the Arizona plant, Power One will have global capacity to annually produce more than 4.0 GW of inverters by year-end 2010. These devices covert electricity from solar panels and wind turbines for residential, commercial and utility-grade use. In addition, Power-One plans to launch Chinese production in the fourth quarter with products specifically designed for the requirements of Asian markets.
“The worldwide market for inverters continues to grow at a rapid pace, and we are positioning Power-One to meet global customer demand,” said Dr. Alex Levran who serves as president of Renewable Energy Solutions, a division of Power-One. “The launch of the Arizona factory, in addition to our growth overseas, will enable us to continue on our strong growth trajectory.”
At a news conference announcing the construction of the new plant, Jan Brewer attributed the Tax Incentive for Renewable Energy program she signed into law for enticing the company to Arizona.
“We are creating quality jobs for Arizonans and building a more diverse and sustainable Arizona economy,” Brewer said. “I’m delighted they recognize Arizona as the place to be for solar companies to locate and expand.”
The program is garnered to support alternative energy production and attract international business. It offers income and property tax reductions that increase with the level of capital investment for new or expanding renewable energy companies.
Brewer hopes to gain some political clout as the new Power One plant is expected to do very well. Her campaign is centered on creating jobs in the renewable energy industry in Arizona.
“We are putting a lot of capacity into growing this market because we think the North American market is getting ready to take off,” said Neil Dial, senior vice president of worldwide operations for Power-One.
The creation of 350 new jobs here in the U.S. reverses the trend of sending manufacturing jobs overseas. According to Dial, the primary motivator behind the company’s choice to stay in the U.S. was not cost, but rather the necessity of producing near your consumer base.
“These are big systems, so we like to build these products in the market they will be used in,” Dial said. “We expect this factory will service our U.S. market.”