Next Generation Energy
North Carolina’s energy sector is in a transition phase for power generation and for vehicle transportation. This transition presents many challenges in the development of new technologies and policy changes, but just as importantly represents a major opportunity for the state to plan its energy future.
The North Carolina Collaboratory has been supporting research in the energy field over the last several years, including a ground-breaking study, efforts to make the grid more resilient, and helping catalyze the emerging electric vehicle battery industry within the state.
In the 2023 state budget (Session Law 2023-134), the North Carolina General Assembly invested $15 million for Next Generation Energy research. The legislation outlined specific target areas for research on technologies including:
- Lithium batteries
- Computer chip manufacturing
- Small modular nuclear
- Hydrogen storage, production, and transportation
- Grid modeling for power generation, storage, and distribution
The intent of these funds is to identify and execute research that will assist industry efforts in the energy transition as well as take advantage of the economic development opportunities that come with this transition.
By the Numbers
$2 Billion
Estimated annual economic impact from Piedmont Lithium & Albemarle mines.
Over 4,200
storage and grid modernization jobs in NC – 10th largest workforce of its kind in the nation.
48%
of NC’s vehicle fleet has the opportunity to be electrified, according to National Renewable Energy Laboratory.
$4.8 Billion
Total annual economic impact of the nuclear industry on NC according to E4 Carolinas.
$1.4 Billion
Investment by Natron Energy to establish a sodium-ion battery gigafactory in Edgecombe County.
1.5 Million
Residents in western NC without power due to Hurricane Helene.