Wednesday, August 25, 2010

Davidson incubator for alt energy expands

Posted By on Wed, Aug 25, 2010 at 10:56 AM

If the Charlotte-area really is going to be a green energy hub, lots of businesses are going to have to jump aboard the alternative energy bandwagon. However, there are a few barriers to success — including the economy, so not every company can jump right up and become energy-producing corporate leaders. But, have no fear, there's an incubator for that:

A third start-up company has joined Davidson’s “green” business incubator, the Project for Innovation, Energy and Sustainability, on South Main Street. Sustainable Energy Community Development Corp. (SECDC) has two employees and provides financing for solar and other sustainable energy installations in rural and low-income communities around the state.

SECDC is the third company to be accepted as a full resident member of the incubator, known as PiES. Earlier this summer, solar energy equipment maker Focal Point Energy and electric vehicle technology firm ElectraDrive became the incubator’s first tenants.

All start-ups accepted into PiES get technical and business advice, as well as office space in the Business Center @ South Main Square, 442 S. Main St. PiES was formed in January to nurture green businesses here in Davidson. It’s a public-private partnership that includes the Business Center, the Town of Davidson, and other academic and industry partners.

SECDC was formed earlier this year by a group of Charlotte lawyers who wondered why existing tax-incentive programs were not leading to alternative-energy projects.

Read the rest of this story, catch up on related news stories and learn more about PiES and SECDC here.

Here's a video from Stanford University about the future of sustainable energy:

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