Charlotte Economic News: More Energy Jobs Announced
Charlotte NC: Charlotte is quickly becoming the forerunner to become the “New Energy Capital” of the world, already a national hub for the energy industry.
The Shaw Group is expanding its stake in nuclear power, announcing a major role in a 2,700-megawatt South Texas project and adding an agreement with Toshiba to be the exclusive contractor for Toshiba plants worldwide.
The South Texas project is the largest nuclear construction project in Shaw’s history, Shaw Chief Executive Jim Bernhard Jr. told analysts on Monday. This extends the company's highly visible role as exclusive contractor for the Westinghouse AP1000 plants and is very good news for Charlotte, Shaw's home base.
Shaw Power Group will hold the initial engineering, procurement and construction contract for the two-reactor expansions proposed for the South Texas project. However, Shaw will be more than the contractor, Shaw will also be a partner with Toshiba in the project, investing up to $250 million in nuclear projects. Bernhard said, “We believe that (the Westinghouse and Toshiba) technologies combined will certainly together exceed the largest percentage of reactors to be built in the world, compared to other technologies that are commercially available.”
Shaw remains bullish on the future of nuclear power, saying that things in the United States have grown slower than expected but, nuclear plant construction worldwide, is surging forward.
Shaw will add 225 jobs to the 1,100 already in Charlotte in an order to support the new nuclear development agreement. Hiring will begin this week and more than 180 of the new hires will be engineers, with an average salary of nearly $95,000 a year.
Since 2009, major energy industry expansions and relocations have been announced by several companies such as Siemens Energy, Areva, Babcock & Wilcox, SPX and ABB Group (to Huntersville), adding many new jobs to the Charlotte Metro area.
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Source: The Charlotte Business Journal