VIRGINIA: ENERGY CAPITAL OF THE EAST COAST LIZ POVAR, DIRECTOR, BUSINESS DEVELOPMENT VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP OCTOBER 2010

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1 VIRGINIA: ENERGY CAPITAL OF THE EAST COAST LIZ POVAR, DIRECTOR, BUSINESS DEVELOPMENT VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP OCTOBER 2010

2 VIRGINIA S APPROACH Assess Assets and Competitive Strengths Declare the Goal Leverage the Partners Provide the Tools Implement the Actions Measure the Results

3 2008 CATALYZING INNOVATION ASSESSMENT

4 VIRGINIA S SECTOR FOCUS

5 BIG PROBLEM BIG SOLUTION The Goal In 2010, position Virginia to be the East Coast Energy Capital in: supply chain investment job creation project development energy generation

6 VIRGINIA S CURRENT BUSINESS CASE Market proximity Business Infrastructure Operating Cost Advantages Public Partners Skilled & Sector-Aligned Workforce R&D resources Energy Centers The Virginia Energy Plan

7 MARKET PROXIMITY Manitoba Washington Dulles International Airport has Nonstop Service to over 120 Destinations, Including more than 40 International Destinations The Port of Virginia is the Second Busiest Port on the East Coast and the Only One Capable of Handling the Largest Ships in the World Virginia has the 3 rd largest State Maintained Transportation Network Primary Rail Service with CSX and Norfolk Southern Ontario Quebec New Brunswick Montreal Toronto Boston Milwaulkee Detroit New York Chicago Philadelphia Pittsburgh Indianapolis St. Louis Louisville Washington, DC Richmond Charlotte Memphis Birmingham Atlanta Jacksonville New Orleans Tampa Within 550 miles of Richmond Within 750 miles of Richmond

8 BUSINESS INFRASTRUCTURE

9 OPERATING COST ADVANTAGES

10 PUBLIC PARTNERS Virginia Department of Agriculture and Consumer Services

11 SKILLED & SECTOR-ALIGNED WORKFORCE Virginia s 4 Million Employees are Highly Trained and Maintain a Strong Work Ethic Ranked 3 by Forbes.com Virginia is Home to over 14,800 High Tech Establishments employing 270,800 High Tech Workers (1 st in the US per capita CyberStates Magazine) Virginia Ranks Second in Number of Nuclear Engineers 1330 Virginia s Annual Labor Force Growth Includes Over 18,000 Skilled Workers Exiting the Military Annually High Concentration of Energy Research at Federal Labs, Universities and Private Industry Virginia s Worker s Compensation and Unemployment Insurance Rates are Among the Lowest in the US

12 OVER 31,000 ENERGY SECTOR EMPLOYEES Turbines Transformers 6% Energy Technology 2% 10,000 8,000 9,553 7,839 7,115 Traditional Generation 25% Fossil Fuel 31% 6,000 4,000 2,000 2,357 1,952 1, Renewable Energy 5% Nuclear 23% Mining Equipment 8%

13 EDUCATIONAL RESOURCES Virginia Tech Engineering Program Ranks 14 th in US. Graduates more BSME than any other University in the US. University of Virginia Ranks 2 nd for Public Universities US News and World Report Nuclear Engineering Programs at VCU, VT, ODU and UVA Thomas Jefferson National Accelerator Facility Nuclear Physics Research & Development 23 Community Colleges Grow your Own Business Alliances DSLCC to Begin Wind Turbine Technician Training in 2010 Produced in Virginia Engineering Collaboration Between UVA, CVCC, DCC, JTCC and Private Sector

14 R&D RESOURCES

15 R&D HIGHER EDUCATION

16 Center for Power Electronic Systems Virginia Tech CPES is working to expand power electronics systems integration to a wide range of next generation energy efficient and environmentally friendly applications across a range of power levels (milliwatt to megawatt). VT/CPES awarded the first National Science Foundation Engineering Research Center grant in power electronics 10 years ago. Total investment over $35M. Yearly funding from industry exceeds $1.5M and total funding is close to $4M. CPES has 96 industrial affiliates from all sectors of the power industry. The Sustainable Building Initiative began on July 1, 2009 and includes the development of a local smart grid that includes distributed wind and solar energy sources, highpower converters, and computer-controlled load management.

17 R&D CORPORATE/INDUSTRIAL

18 R&D FEDERAL ENERGY Alternative Fuels Energy Policy Coal, Oil, Gas Nuclear Fuel Cells/H2 Alternative Fuels: Waste or Bio-derived Geothermal Hydroelectric Solar/Photovoltaics Wind Coastal (Wind/Tidal/Current/Wave) Energy Storage Efficiency/Conservation Building/Environment Energy Policy/Economics Energy Generation/Sources Other Renewables Energy Use/Impact Virginia Federal Lab Thomas Jefferson National Accelerator Facility (DOE) NASA Langley Research Center Naval Surface Warfare Center - Dahlgren Division

19 ENERGY PLAN GOALS Make Virginia the Energy Capital of the East Coast Grow both traditional and alternative energy sectors Increase conservation & efficiency Expand public education about Virginia s energy production Maximize the investment in clean energy R&D

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