Manufacturing Expansion Brings New Opportunities to North Carolina
In a significant move for the state, TSEA Energy has chosen Rockingham County, North Carolina, as the site for its inaugural U.S. manufacturing plant. This development is set to generate 160 jobs and entails an investment of $25 million in the city of Eden.
Governor Josh Stein expressed his enthusiasm, stating, “I am delighted to welcome TSEA Energy to North Carolina and Rockingham County.” He highlighted the state’s skilled labor force, supportive business climate, and strategic location on the East Coast as key factors in the decision. These elements are expected to assist TSEA in enhancing electrical grid systems to cater to rising energy needs in both the state and the nation.
Established in 1968, TSEA Energy has a longstanding reputation for providing engineered solutions in the domains of power generation, transmission, and distribution. The company’s expertise is particularly noted in areas such as large power transformers, voltage regulators, and mobile substations, with its products operating in over 50 countries globally.
The new facility in Eden, spanning 160,000 square feet, will focus on the production of voltage regulators. These are crucial for maintaining grid stability, ensuring power quality, and enhancing system reliability for utilities across the United States.
The plant is anticipated to double TSEA’s global manufacturing capabilities. It will also house an engineering and R&D center alongside a service hub. Beto Reynaldo, CEO of TSEA, remarked, “The agreement with the State of North Carolina represents an important step in our international expansion and reinforces our long-term commitment to the U.S. market.” He further emphasized the strength of the American manufacturing workforce and the opportunity to contribute to modernizing the U.S. power grid.
Lee Lilley, N.C. Commerce Secretary, shared his excitement about the arrival of more manufacturing jobs to rural North Carolina. He stressed the importance of the state’s advanced manufacturing workforce, the largest in the southeastern United States, in meeting the burgeoning demand for energy.
The average salary for the newly created positions is projected at $66,554, surpassing the current average in Rockingham County of $46,154. This could lead to an annual payroll impact exceeding $7 million for the region.
To support TSEA’s establishment in North Carolina, a $300,000 performance-based grant from the One North Carolina Fund will be conferred to a new company formed by TSEA Energy. This grant assists local governments in attracting economic investments and fostering job growth. Funds are only distributed once TSEA meets certain criteria, including an investment of $17 million and the creation of 106 jobs. Local government participation is required to match the OneNC grants, with awards contingent upon this condition.
Phil Berger, N.C. Senate President Pro Tempore, commented, “This announcement is outstanding news for Eden and our state.” He noted the competitive nature of TSEA’s location decision and expressed pride in North Carolina’s role in the company’s global expansion.
N.C. Representative Reece Pyrtle, Jr. also welcomed the development, acknowledging the collective efforts of local economic developers, county, and state officials in facilitating TSEA’s decision to establish operations in the region.
Key contributors to this project include the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, various educational institutions, local governments, and energy providers such as Duke Energy, all working collaboratively to bring this venture to fruition.
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