A $270 million expansion of Oakridge Global Energy Solutions in Brevard Count, Fla. will give the company space to install additional manufacturing equipment and increase production.
The company is an energy storage solutions company that develops and manufactures batteries and power systems.
Moving their headquarters to the Florida location resulted in 1000 new jobs.
The company is especially proud of the fact that their products are Made in the U.S.
"We’ve called the turning point of the “Made in USA” onshoring movement pretty accurately -- everyone loves that fact that we’re “Made in USA” and bringing jobs back home to America -- and a foreign player, by definition, clearly can’t compete with us on the “Made in USA” deal,” said Steve Barber, Oakridge Global Energy Solutions’ CEO.
The Oakridge Global Energy Solutions expansion was made possible through partnerships between Enterprise Florida, Florida Department of Economic Opportunity, Economic Development Commission of Florida’s Space Coast and the City of Palm Bay.
“Florida continues to be a manufacturing hub, one of the many reasons businesses like Oakridge Global Energy Solutions choose to remain and expand here in the Sunshine State," said Department of Economic Opportunity Executive Director Jesse Panuccio. Florida ranks among the nation’s top 10 states for manufacturing and is home to more than 18,600 manufacturing companies. The state’s 321,000 manufacturing employees produce a wide variety of goods including aerospace products, batteries, food and beverages, communications equipment, pharmaceuticals, semiconductors, boats and more.