ENE RGY
Charlotte sits at the center of the Carolinas, an energy-rich hub with abundant talent and infrastructure including nearly 11,000 energy-related companies doing business in the two-state region. Charlotte has particular strength in nuclear engineering and turbine, motor and generator manufacturing.
• Nearly 200,000 people work in the energy sector in North and South Carolina. Source: JobsEQ, Q4 2017
• Charlotte is within 2 hours by plane and 12 hours by truck of 3,100 power plants that account for 50 percent of the nation’s total installed megawatt capacity. Source: U.S. Energy Information Administration
• Productivity per worker in energy manufacturing is more than 127% of the national average. Source: JobsEQ, Q4 2017 Q4 2017
W W W.C H A R LOT T E R EG I O N .CO M
E NE N E RGY
ENGINE AND POWER EQUIPMENT ACCOUNT FOR
$730 MILLION
OF THE CHARLOTTE
4,000
P L A N T I N S O U T H W E S T C H A R LOT T E E M P LOYS M O R E
Source: E4 Carolinas, N.C. Sustainable Energy Association, S.C. Clean Energy Business Alliance
1,700.
Source: Brookings Institute
T O P E N E R GY I N D U S T R I E S PROJECTED ANNUAL GROWTH THROUGH 2022
7,426
2.10%
1.60%
Other Scientific and Technical Consulting Services
2,544
3.00%
Nuclear Electric Power Generation
2,087
0.60%
Water and Sewer Line Related Construction
1,988
3.40%
REGIONAL EMPLOYMENT
AVERAGE WAGE
LOCATION QUOTIENT*
Electricians
5,342
$43,500
0.97
1.6%
Machinists
3,629
$42,900
1.13
0.9%
Welders, Cutters, Solderers, and Brazers
3,193
$45,100
0.99
1.2%
Industrial Machinery Mechanics
3,124
$50,000
1.12
1.3%
Civil Engineers
2,483
$86,300
1.03
2.0%
Mechanical Engineers
2,355
$83,000
1.02
1.6%
Industrial Engineers
2,073
$81,500
0.99
1.7%
Telecommunications Equipment Installers and Repairers, Except Line Installers
2,015
$53,000
1.08
0.1%
Electrical Engineers
1,356
$112,900
0.87
1.70%
Helpers--Electricians
1,058
$29,400
1.69
1.80%
A F FO R DA B I L I T Y Comprehensive tax reform has brought North Carolina one of the lowest flat corporate tax rates in the nation at 3%. North Carolina regularly ranks high in business friendliness.
Q UA L I T Y O F L I F E
The Charlotte region consistently ranks high as a destination city for all ages. More than 37,000 newcomers arrive in the Charlotte area each year, drawn by career opportunities, diverse living options and a cost of living 96.2 percent of the national average.
SPECIALTY
TOTAL REGIONAL EMPLOYEES
Electric Utility
7,959
Ingersoll Rand
Thermal Manufacturer
1,915
Siemens Energy
Turbine Manufacturer
1,725
ATI Specialty Metals
Metal Alloy Production
1,400
United Technologies Corporation
Aerospace Systems
870
Appliance R&D
860
Piedmont Natural Gas
Natural Gas Utility
687
Electrical and Electronic Engineering Technicians
631
$55,700
0.57
1.20%
PPG Industries, Inc.
Specialty Materials Supplier
650
Electrical Power-Line Installers and Repairers
564
$52,700
0.56
2.00%
Electronics Manufacturer
575
Nuclear Engineers
378
$101,400
2.52
1.10%
2,500 ENERGY-
Celgard, LLC
Battery Manufacturer
545
Nuclear Power Reactor Operators
241
$90,300
4.07
-0.10%
RELEVANT
Nuclear Staffing
530
Nuclear Technicians
203
$70,500
3.29
1.00%
Cogeneration Facility
500
CERTIFICATES AND
Equipment Manufacturer
460
Nuclear Services
400
COMPANY
Electrolux
1,587
0.60%
Electric Power Distribution
1,034
0.80%
Power and Communication Line and Related Structures Construction
908
4.00%
Current-Carrying Wiring Device Manufacturing
787
0.60%
WECTEC LLC
Other Electronic and Precision Equipment Repair and Maintenance
617
0.80%
Resolute Forest Products, Inc.
Primary Battery Manufacturing
489
1.50%
Parker Hannifin Corporation
All Other Miscellaneous Electrical Equipment Manufacturing
407
0.70%
Framatome (formerly AREVA )
Other Lighting Equipment Manufacturing
111
0.60%
35,096
1.60%
ABB
Source: JobsEQ and Bureau of Labor Statistics 2017.
Charlotte’s concentration of energy companies and headquarters operations means the region has a deep bench of support services such as law, accounting, consulting and workforce development, with energy industry expertise.
ANNUAL GROWTH THROUGH 2022
OCCUPATION
Turbine and Turbine Generator Set Units Manufacturing
Total energy employees
I N FRAST RU CT UR E
1.70%
3,766
Charlotte’s companies rely on a talented, young and growing workforce. Nearly 45 percent of Mecklenburg County adults have bachelor’s degrees or higher and the region is home to 23 colleges and universities, plus 18 community colleges.
LARGEST 15 OCCUPATIONS IN LOGISTICS & DISTRIBUTION SECTOR
Duke Energy
Residential Electrical Contractors and Other Wiring Installation Contractors
TAL E N T
A central location on the U.S. East Coast and the seventh busiest global airport put the world within Charlotte’s reach. 53 percent of the US population lives within 12 hours trucking distance or a two-hour flight, and with more than 700 daily nonstop flights to 150plus destinations, nowhere is too far away.
TOP 15 E N E RGY COMPA NIES
REGIONAL EMPLOYMENT
ADVANTAG ES OF D OING BUS INES S I N C H A R LOT T E ACCE SS
Research institutes such as UNC Charlotte’s Energy Production and Infrastructure Center (EPIC), EPRI and industry groups such as E4 Carolinas and CLT Joules round out a thriving energy ecosystem attracting relocating companies from throughout the world and supporting home-grown, highgrowth energy startups.
5,121
G E N E R AT I N G C A PA C I T Y. M O R E T H A N 4 0 0 C O M PA N I E S I N T H E S O L A R VA L U E C H A I N I N T H E T W O S TAT E S E M P L O Y M O R E T H A N 7 , 0 0 0 P E O P L E .
The energy sector plays a major role in Charlotte’s economy. More than 300 energy-focused companies employ more than 35,000 people in the Charlotte area, from nuclear multinationals to major utilities to turbine manufacturers to service providers and suppliers. In fact, four of the region’s 14 Fortune 1000 headquarters – Duke Energy, Albemarle Corporation, Curtiss-Wright and SPX Flow – are directly involved in the energy sector or its supply chain. Thermal manufacturer Ingersoll Rand’s North American headquarters is also based in the area.
Nonresidential Electrical Contractors and Other Wiring Installation Contractors
OF SOLAR-
J O B S . S I E M E N S ’ M A N U FA C T U R I N G THAN
Engineering Services
2 G I G AWAT T S
E A S T E R N U N I T E D S TAT E S , W I T H M O R E T H A N
A R E A’ S E X P O R T S A N N U A L LY A N D S U P P O R T M O R E THAN
INDUSRY
THE CAROLINAS MAKE UP THE LARGEST SOLAR ENERGY ECONOMY IN THE
Source: JobsEQ and Bureau of Labor Statistics 2017; *Location Quotient is the concentration of an industry compared to the national average. Industries with location quotients above 1.0 have greater than the national average concentration.
EDUCATIONAL INSTITUTIONS IN THE CHARLOTTE REGION AWARD MORE THAN
DEGREES EACH YEAR . Source: National Center for Education
Source: Charlotte Alliance
Statistics via JobsEQ
35,000
MORE THAN PEOPLE ARE DIRECTLY EMPLOYED IN THE ENERGY SECTOR IN THE CHARLOTTE AREA AND NEARLY 60,000 WORK IN ENERGYRELATED OCCUPATIONS Source: BLS and JobsEQ, 2017
the region after relocating its turbine manufacturing base from Canada to Charlotte in 2010 to take advantage of
Duke is the second largest utility in the United States and employs nearly 8,000 in the Charlotte region, including its headquarters
synergies in transportation, workforce,
in
supply
recently
base
and
research
and
development.
uptown
Charlotte.
acquired
Duke
INNOVATION
Siemens employs more than 1,700 in
UTILITIES
MANUFACTURING
A D IVE RS E E N E RGY ECOSYSTEM
Piedmont
Homegrown
energy
startup
Atom Power, founded in 2014, is a pioneer in digital solid-state circuit breakers, improving the speed and safety of power distribution.
Natural Gas and Progress Energy.
E N E RGY M A N UFACT UR ING PRODUCTIVITY P E R WO R K ER IN S OUT HER N METROS, 2 0 1 7 Charlotte’s energy manufacturing workers are the most productive among Southern metros. Average production is more than $450,000 per worker. Source: JobsEQ, 2017
CO MB INED, T H E T WO CARO L IN A S R E P R E SEN T 3rd
The largest energy generation economy in the
Largest nuclear
generating economy
United States with more than
in the U.S. with more
Hours (MWH) generated annually
than million nuclear MWH generated annually
455.5 million Megawatt
2nd highest solar capacity and 3rd highest solar generation after California
3.4
and Arizona. More than million MWH of solar energy are generated annually in the two states
98.6
2nd largest wood and other biomass energy generator with nearly
5
million MWH
generated annually
Source: U.S. Energy Information Administration, Net Generation by State and Energy Source, 1990-2016.
W W W.C H A R LOT T E R EG I O N .CO M