The Utah Governor’s Office of Economic Opportunity has awarded EnergiSpot, a Utah-based developer and manufacturer of electric vehicle
charging infrastructure, a post-performance tax reduction for its expansion in Spanish Fork. The company designs and builds charging stations
for various applications, like this concept for a multi-family housing project. Photo courtesy of EnergiSpot.
90 NEW JOBS AT SPANISH FORK PLANT
Brice Wallace
A Salt Lake City-based company focused on charging systems for electric vehicles will grow in Spanish Fork, creating 90 jobs over the next decade.
EnergiSpot LLC made the announcement after being approved for a state tax credit incentive tied to the $7.3 million project.
The company designs, develops, manufactures and distributes turnkey EV charging solutions for residential, commercial and fleet applications. It aims to simplify the process of identifying, installing, operating and maintaining EV chargers by offering in-depth education and a streamlined, service-oriented experience. Its hardware, software and services currently serve commercial real estate, multifamily housing, parking lots, fleets, auto dealerships, hospitality and retail, healthcare and tourist destinations.
In a prepared statement, Ron Heffernan, the company’s co-founder, said that Utah having the nation’s strongest economy and its status as “Crossroads of the West” make the state “an ideal place for EnergiSpot to put down the roots that will help us expand critical EV infrastructure across the country.”
EnergiSpot has a joint venture with Taiwanese manufacturer eTreego and its U.S.-based factory will manufacture residential, commercial and fleet EV charging solutions.
“I’m really excited to say that EnergiSpot is really beginning its journey here in Utah,” Heffernan told the GOEO board. ETreego, backed and financed by the Taiwanese government and that nation’s largest electric company, will soon send five of its engineers, “which are champing at the bit to get here,” he said.
Heffernan said the project received support from several agencies in Utah and he is excited about partnerships that are available in the state.
“We’re excited about the company, we’re excited about this new venture, and really happy to be doing it here in Utah,” he said.
The company’s website says that 45 percent of vehicles on the road are expected to be electric by 2030, 86 percent of public chargers need to be along transit route and highway corridors, and 43 percent of all public charging stations need to be DC fast chargers to accommodate EV demand.
The Spanish Fork project is expected to generate new total wages of nearly $55.8 million over 10 years and new state tax revenue of nearly $4.8 million during that time. The new jobs are projected to pay an average of $87,500. The company was approved for a tax credit of up to $953,124 over 10 years, tied to the creation of the high-paying jobs.
“This is, we think, a very, very good fit for not only the community but the precise location they’re looking at,” Dave Anderson, Spanish Fork’s community and economic development director, told the GOEO board, referring to the Verk Industrial Park. “Spanish Fork has a number of very advanced machining and manufacturing companies already in the community. We think this is an excellent addition to what we already have here. We couldn’t be more excited to have them in the community and to be part of the Verk industrial project.”
“The future of electric vehicles is changing rapidly, and we’ll need the infrastructure to keep up with the growth,” Ryan Starks, GOEO’s executive director, said in a prepared statement. “We’re thrilled EnergiSpot chose to grow in Utah and look forward to the impact it’ll have on the sustainable energy industry of our state and the nation.”
“Utah’s advanced manufacturing industry is gaining global attention, thanks to the collaboration of many partners across the state,” said Scott Cuthbertson, president and CEO of the Economic Development Corporation of Utah. “We look forward to seeing the innovation that comes out of this foreign direct investment win.”
GOEO does not provide upfront cash incentives. Each year that an incentivized company meets the obligations in its contract with the state, it will qualify to receive a portion of the new, additional state taxes the company paid to the state.