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CPS Energy and San Antonio foundation honored for 'visionary' New Energy Economy initiative


From the October 14, 2013 issue of Public Power Daily

Originally published October 14, 2013

By Jeannine Anderson
Editor

The International Economic Development Council has chosen CPS Energy and the San Antonio Economic Development Foundation to receive the council's Silver Excellence in Economic Development award for the San Antonio utility’s New Energy Economy initiative. The initiative uses CPS Energy’s buying power to create jobs, economic development and educational investment in San Antonio. 

The IEDC presented the award at its annual conference in Philadelphia on Oct. 8, calling the CPS Energy initiative "visionary." The council's Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. The non-profit organization applauded CPS Energy’s commitment to protect the environment by diversifying its generation portfolio to include 20 percent renewable energy, investing in clean technologies and creating economic development opportunities in San Antonio. 

The awards "recognize CPS Energy and San Antonio Economic Development Foundation as being two of the leading organizations in the industry for innovation, creativity and successful strategies," said IEDC Chair Paul Krutko. 

"When we started the New Energy Economy, we knew it was the right thing to do for the community," said Shawn Eddy, senior director of enterprise facilities and asset management at CPS Energy. "It drives economic development and creates job opportunities for our customers."

CPS Energy launched the New Energy Economy initiative in June 2011, building partnerships with companies. The San Antonio Economic Development Foundation helped attract companies and their suppliers to San Antonio. In the two years since then, seven clean technology companies either have opened or are building offices or plants, including:
•    OCI Solar Power – a consortium with three partners (Nexolon, ERCAM, and Kaco) committed to creating 800-plus, long-term jobs and $1 billion in economic development as part of a 400-megawatt solar energy deal; headquarters opened in downtown San Antonio in spring 2013.
•    Nexolon America – constructing solar panel manufacturing plant in south San Antonio; headquarters opened in spring 2013; nominated for designation as a State Enterprise Project.
•    ERCAM Trackers – manufacturing dual-axis trackers for solar facilities; opened an office near San Antonio in 2013.
•    Kaco New Energy – manufacturing inverters for solar facilities; opened an office near San Antonio in 2013.
•    GreenStar LED – opened a LED manufacturing plant in San Antonio in 2012; created nearly 40 jobs.
•    Consert – opened a local office in San Antonio in 2012; created nearly 70 local and out-of-area jobs.
•    Silver Spring Networks – opening a local office in San Antonio in late 2013; committed to creating 40 jobs. 

CPS Energy said the New Energy Economy is expected to spur the creation of more than 1,000 jobs by 2018, with roughly 250 jobs created so far. 

More information about the initiative is posted at cpsenergy.com.

 

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Jeanne Wickline LaBella
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