MetOx International plans expansion in Pittsboro North Carolina creating 333 new jobs.
Pittsboro, North Carolina — According to state and local development sources, MetOx International plans to invest $193,750,000.00 to expand in Pittsboro. The company is creating 333 new jobs at this facility. The company plans to occupy the new space in Pittsboro, on or about June 1, 2026. According to the company website Two trends are rapidly changing the energy landscape: a) increased requirement for electricity; and, b) decarbonization / the shift to clean energy generation and reduced emissions through the electrical supply chain. MetOx Technologies, Inc. (MetOx) has developed advanced manufacturing technology for affordable 2G HTS at scale. HTS will create dramatic efficiencies in the generation, transmission, and use of clean and reliable electricity. HTS offers a significant contribution to mitigating climate change. MetOx opens large new markets that depend on the unique properties of HTS wire and enables innovations in electrical applications, to include: high-field magnets for fusion power and next generation MRIs; advanced motors and cables; space-based electrical storage; and a myriad of new applications in clean and renewable energy. MetOx has successfully proved out its manufacturing process at a scale that approaches full operation capability. Its product has been customer-tested in deep magnetic fields. Contact MetOx to indicate your interest in pre-ordering 2G HTS. MetOx Technologies, Inc. Power of Possibilities
To learn more about MetOx International, visit http://www.metoxtech.com/
Company Contact:
Bud Vos, Chief Executive Officer
bud.vos@metoxtech.com
https://www.linkedin.com/in/budvos/
832-245-9488
SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.