EnerBlu Inc., is a high-power energy-storage provider, in Pikeville to announce the company’s decision to locate its headquarters and manufacturing operations in Kentucky.
The company will invest $372 million and create 875 full-time jobs in Eastern Kentucky with the establishment of a production facility in Pikeville, and an additional $40 million and 110 jobs with the relocation of its headquarters to Lexington.
EnerBlu, established in 2015 through a collaboration between BRAC Global Automotive and Symblu, is an energy-storage provider focused on electric transportation, PV hybrid microgrid, power grid and genset hybridization.
The company provides research, development and production of low-cost, high-performance LTO batteries. EnerBlu plans to supply batteries and other energy storage devices for industrial, automotive, defense and commercial applications in the US and internationally.
Its EnerBlu AESU is compatible with hundreds of thousands of US and NATO military generator systems, which will help to reduce fuel usage. In turn, that will lessen the need for dangerous military fuel-resupply missions.
EnterBlu executives anticipate growth of its zero-emission commercial truck, shuttle bus and school bus business. Electric school buses also will be equipped with vehicle-to-grid technology for emergency energy storage.
Sen. Ray Jones, of Pikeville, acknowledged the impact this project could have on Eastern Kentucky.
“EnerBlu is the exact type of company we need in Kentucky, especially in Eastern Kentucky,” Sen. Jones said. “These quality jobs can help diversify our economy and keep our hard-working men and women from leaving our region. This investment will result in a real economic boost to our area. I look forward to seeing EnerBlu grow and prosper and am hopeful this will be a sign of more good things to come in Pikeville, Eastern Kentucky, and our commonwealth.”
For the full press release, click here.