BHE Renewables, a Berkshire Hathaway Energy business, announced on September 13 that it has signed an agreement with the State of West Virginia to buy over 2,000 acres of land in Ravenswood that will be developed into a first-of-its-kind renewable energy microgrid-powered industrial site.
“Today’s announcement that Berkshire Hathaway Energy Renewables and West Virginia have reached an agreement to invest in Ravenswood is welcome news,” United States Senator Shelley Moore Capito said. “This unprecedented project has the potential to rapidly transform the Ravenswood area, and spark the economic development our communities need to grow and thrive. My staff and I have been involved in this process from the very beginning because we recognize the importance of smart economic and environmental growth to our state. I am thankful for the work of Governor Justice, Mike Graney, Mitch Carmichael, and especially Senator Glenn Jefferies and the West Virginia Legislature for helping make this possible. There is strong momentum growing behind business in West Virginia right now, and we must continue to build off of this economic success into the future.”
Precision Castparts Corp., a Berkshire Hathaway Inc. business, will be the first company at the site. It will establish a titanium melt facility here that will use 100% renewable energy to make titanium products for industries, including the aerospace industry.
“This is a monumental announcement that will pay dividends for generations to come,” Governor Jim Justice said. “The partnership we are forging with BHE Renewables and PCC is testament to West Virginia’s ability to compete on the world stage and recruit world-class companies like these to our state. I couldn’t be more proud of the fact that West Virginia will help lead the way into a new era of renewable energy microgrid-powered manufacturing. I can never thank BHE Renewables and PCC enough for their commitment to West Virginia and for the jobs and economic ripple effects this partnership will bring.”
“We are thrilled to partner with PCC and West Virginia to deliver this landmark renewable energy solution, hundreds of jobs and significant economic development,” PCC Metals President Steve Wright said. “Our future facility is an outstanding opportunity to use clean energy as we invest in further strengthening our position as a world leader in titanium metals. Manufacturing our products with 100% renewable energy benefits PCC and our customers as we strive to minimize the impact of our operations and wisely use natural resources.”
The project will serve as the foundation for additional investments in the state. The West Virginia Economic Development Authority will work with BHE Renewables to bring this additional business to the site.