Investment from the clean and renewable energy sector has been significant in Arizona with the passage of the Quality Jobs Through Renewable Industries program that allows companies making new investment in manufacturing and/or headquarter operations in renewable energy industries eligible for a refundable corporate income tax credit up to 10% of the capital investment and a 75% reduction in real and personal property taxes.
Since its implementation in 2010, this new program is responsible for the investment of 14 new renewable industries companies, creating 6,300 net new jobs and generated $1.82 billion in capital investment in Arizona making the state #1 in the nation for renewable energy as noted by Business Facilities magazine.
With the Arizona Corporation Commission requiring that all regulated utilities produce 15% of their electricity from renewable sources by the year 2025, Gilbert, Arizona, is in an advantageous position to see substantial job creation in its high-growth, high-demand sustainability and diversified energy sectors.
REV Biodiesel, a division of Pure Earth Energy Resources, LLC, produces 40,000 gallons of B99 biodiesel fuel per day. Total annual production will eventually reach 10 million gallons per year with the opportunity for 30 million gallons a year at full production making it the largest biodiesel production facility in the state.
Gilbert-based Colnatec designs and develops manufacturing process control sensors for thin film measurement of high temperature processes including solar cell manufacturing, food packaging, mobile display, Optical coatings, high speed electrical devices, architectural glass, and semiconductor wafer processing.
Colnatec holds eight (8) patents and are the recipients of Department of Energy SBIR Phase I and II awards for a self-cleaning process control sensor to be used in manufacturing CIGS solar cells.
Headquartered in Gilbert since 2005, Diversified Energy Corporation is a privately held, alternative and renewable energy company focused on maturing innovative technologies, developing commercial energy projects and providing engineering services support to project developers. Principal areas of expertise include gasification, biofuels, next-generation feedstocks, and bioenergy-related economic modeling and commercialization planning.
Arizona is home to the nation’s only photovoltaic testing laboratory at Arizona State University Polytechnic. The most comprehensive, sophisticated, state-of-the-art facility in the world for testing and certification of solar energy companies’ equipment advancing solar energy research, education and technology. The Arizona State University Polytechnic campus also offers access to one of the nation’s top forward-thinking programs at the College of Technology and Innovation. The college houses research and development facilities in many sectors, including clean and renewable energy, featuring: