VIRGINIA BEACH — An engineering company at the Beach plans to expand its operations, focusing on new technology that will bring new jobs to the community.
Global Technical System plans to invest $4.1 million in its facility on Seahawk Circle, increasing the building by 8,000 square feet so it can produce next generation composite electro-mechanical batteries and create 21 new jobs.
“Global Technical Systems is grateful for the assistance and support of the Virginia Beach Department of Economic Development as we continue to expand and grow our manufacturing capabilities,” CEO Terry Spitzer said in a city news release. “Virginia Beach is a business-friendly city with a highly skilled and diverse workforce.
The batteries the company will produce convert electricity into kinetic energy for storage, which is converted again to conditioned electricity with a motor generator and spinning flywheel, according to the release.
According to the release, the electro-mechanical battery gives an advantage over similar batteries, because of its efficiency energy recovery ratings, reduced maintenance needs and cost savings.
“This mechanical battery is hundreds of times more power dense then chemical batteries,” Spitzer told Southside Daily. “This technology is an enabler for many applications, including grid storage, pulsed weapons, power conditioning and grid safety.”
The expansion will also bring 21 new jobs to the Beach with a $64,000 annual average salary, according to the release.
The Virginia Beach Economic Development Authority gave the company a $125,000 economic development investment program grant based on its capital investment, the release said.
“This new technology can be a game-changer in meeting the world’s energy storage needs,” Warren Harris, director of economic development, said. “It’s scalable, affordable and significantly reduces environmental liabilities of traditional chemical energy storage systems.”
Follow Justin on Twitter @Justinbmmj or send a story idea to Justin@SouthsideDaily.com