Energy Whitepaper

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.

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