A California company, Infinity Energy, received a tax credit from the State for $2.5 million to support the construction of an $11 million facility that will manufacture solar-powered electric car charging stations.
The tax credit agreement sets minimum employment and wage requirements for the company, all milestones that must be met for a minimum of three years:
- “Total California Full-Time Employees” must ramp up to at least 209 persons by 2025.
- “Minimum Annual Wage of California Full-Time Employees Hired” must be at least $46,000 per year.
- “Cumulative Average Annual Wage of California Full-Time Employees Hired” must be above $62,000 per year.
Infinity Energy Inc is currently a solar panel installation company located in Rocklin, California. They also install roofing, and work with residential building contractors on new construction. pv magazine USA has reached out to Infinity Energy seeking additional information about their proposed hardware.
Several other clean energy companies were given tax credits in Califrnia’s GoBiz program, as well. EnerVenue received a $25 million credit to create at least 1,692 full-time jobs, developing and manufacturing super high-capacity nickel hydrogen batteries.
VinFast received a $20 million credit to establish its United States headquarters in California. The Vietnamese electric SUV manufacturer says it will make over $200 million in capital investments while creating at least 1065 new full-time jobs.
Last week, New York City announced that new ARC solar-powered EV charging systems had been installed, bringing their total to 89 units. The station is projected to deliver up to 265 electric miles in a day, and can distribute power to as many as six electric vehicles at once.
In September, the State of California awarded WattEV a $5 million grant to support the buildout of a 12 electric truck, 4 MW charging station in Bakersfield, California, to be powered by an onsite solar plus storage facility.
WattEV said it expects to break ground at the Bakersfield facility in October. The initial buildout will cost in excess of $10 million, and is expected to take two years to construct. It’s estimated that reaching the company’s goal of 40 charging stations will cost more than $30 million.
And for those who would prefer to take their solar panels along with them as they travel, several companies are already integrating solar directly into their yachts and road vehicles.
Correction: Caption on EV charging station image was updated with credit to WattEV.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
Huge win for Infinity Energy and an even bigger win for the solar charging and electric car industry. I definitely love the image shown regarding the increase in employment and investment.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.