Battery manufacturer unveils new grid banks at old Concord cigarette plant

Battery manufacturer unveils new grid banks at old Concord cigarette plant

CONCORD, N.C. — Alevo unveiled Tuesday their new grid banks at the old Phillip Morris cigarette plant.

It’s built like cargo containers on the outside and on the inside a mini-power station that can store excess power generated by power plants.

READ MORE: Former Phillip Morris plant in Concord sold

Alevo said these can reduce energy waste by 30 percent, saving money and reducing harmful energy plant emissions.

"We looked at many factories around the world, the facility has exactly what we need. It's big enough.  It's connected to the grid," said Tim O'Leary, executive vice president for Alevo.

It was about more than that.

"This property had more than just land and buildings, it has a great community," Alevo CEO Jostein Eikeland said.

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