Charlottesville Company Plans Danville Operation

By: AP
By: AP

May 27, 2014

CHARLOTTESVILLE, Va. (AP) - A company created by University of Virginia researchers plans to launch an operation in Danville that could create 127 jobs.

The Virginia Tobacco Commission approved a $2 million research and development grant for Fermata Energy LLC.

Fermata is developing vehicle-to-grid bidirectional chargers. The chargers will enable electric vehicles and plug-in hybrids to provide energy storage.

Commission interim director Tim Pfohl tells The Daily Progress that Fernata plans to create manufacturing jobs in Danville, if the research is successful.


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