GREATER RICHMOND, VIRGINIA

2 | Greater Richmond: Growing GreenTech

Greater Richmond, VA: Growing Green TechnologyGreen technology is a bright success story in Greater Richmond. Numerous U.S. and international companies, large and small, are in the vanguard of creating products and adapting processes to meet global and national goals. While some firms are fo-cused on inventing new green technologies, others are addressing conventional sys-tems to ensure they are more environmentally friendly by incorporating renewable energy, recycling, and reuse practices. If a picture tells a thousand words, a business example can speak volumes about opportunities in Greater Richmond. Read on about some of the innovative developments that are leading us to a brighter future.

What is GreenTech?Green, clean and energy tech-nologies span several industry sectors. While there is not yet a single accepted definition for this rapidly growing field, GreenTech industry segments include energy generation, storage, infrastructure and efficiency; manufacturing/industrial; materials; water and wastewater; air and environ-ment; recycling and waste; and transportation. Greater Richmond has companies involved in many of these segments, often in unexpected ways.

Why Greater Richmond?With a growing population of nearly 1.3 million and a diverse local economy with ex-perienced, productive workers, Greater Richmond is a clear choice for green technology companies.

n A strong base of existing green businesses and companies ready to adopt green policies provide ample opportunity for new technologies.

n Strategically located at the mid-point of the East Coast, less than 100 miles from Washing-ton, D.C., with more than 50 percent of the nation’s consumers within a 750-mile radius.

n Excellent transportation network with rail, air, and port service all in easy reach.

n Quality higher education supports the development of new technologies and a skilled workforce.

n High quality of life makes it easy to relocate, attract, and retain top quality employees.

Greater Richmond is home to both small businesses and Fortune 1000 giants in all sectors that are concerned with responsible environmental stewardship. These companies are ready and willing to adopt smart tech-nologies that provide environmental benefits and operational efficiencies.

n Capital One’s Future of Work program significantly reduces paper usage and allows employees to work from home, reducing commuting pollution and rush hour conges-tion.

n DuPont’s groundbreaking polystyrene recycling program is expected to reduce landfill waste by approximately 12,000 pounds per year.

n Genworth Financial has made a com-mitment to reduce its carbon footprint by

reducing energy consumption and recycling more than 80 percent of its waste.

n MWV is developing more environmen-tally friendly packaging solutions, including using recycled materials, corn derivatives and less plastic.

n Philip Morris USA has begun diverting treated wastewater to a 48-acre manmade wetland, which reduces pollution flow into the James River.

n UPS is committed to reducing emissions by maintaining a fleet of low emission ve-hicles and alternative-fuel vehicles powered by propane, fuel cells, electricity, and lique-fied natural gas.

Corporate Leaders in Green Initiatives

ContentsExecutive Summary ............... 2

Why Greater Richmond? ....... 2

Corporate Leaders in Green Initiatives ................. 2

Office Space Highlights ......... 3

Green Buildings ..................... 3

Electric Vehicles .................... 4

Clean Energy ......................... 4

Dominion Resources ............. 5

Business Incentives and Supporting Policy ............ 5

Select Green Associations and Organizations ................. 6

GreenTech Companies .......... 6

Education and Training Programs ............................... 7

Workforce .............................. 7

Tax Exemptions ..................... 7

Greater Richmond Partnership Services ............. 8

Contact Information ............... 8

Greater Richmond: Growing GreenTech | 3

Green BuildingsBecause of both financial and environ-mental benefits, green building in Greater Richmond has widespread support among commercial developers and Virginia state and local governments. A 2007 executive order mandates state-owned facilities over 5,000 square feet to be constructed or renovated according to Leadership in En-ergy and Environmental Design (LEED) or Energy Star standards. Additionally, both the City of Richmond and Ches-terfield County have mandated that all city and county construction projects of a designated square footage will be built to LEED Silver standards.

Below is just a selection of Greater Rich-mond green building projects that have been recognized for their environmentally friendly features.

n CarMax Corporate Headquarters Certification: LEED Silver Features: natural lighting, recycled and lo-cally manufactured materials, water-saving fixtures, limited site clearing, reduced impervious surfaces

n Kersey Creek Elementary School Certification: LEED Silver Features: natural lighting, waterless and water-efficient plumbing fixtures, dark-skies compliant exterior lighting, recycled content building materials and low-emit-ting adhesives, sealants, paints and carpets

n MWV Headquarters Certification: Four Green Globes, Green Building Initiative Features: recycled and low VOC materials, solar reflective glass windows, low-flow plumbing, water-efficient native landscap-ing

n Richmond Federal Courthouse Certification: LEED Silver Features: environmentally friendly build-ing materials, natural lighting

n Rocketts Landing Townhomes Certification: EarthCraft of Virginia, Energy Star Features: added insulation, recycled and formaldehyde-free building materials, vegetated roofs

n SunTrust Bank Features: 11,000 square-foot green roof

n Westerre IV Certification: LEED Silver Features: low-flow plumbing, high-effi-ciency HVAC, highly reflective roof to deflect heat

95

295

295

295

64

64

Chesterfield Airport

1 301 Petersburg

Colonial Heights

Hopewell 1 301

288

76

288

1

73

Henrico

Richmond

Hanover

Chesterfield

James River Appomattox River

James River

95 85

95

95

Richmond International Airport

Hanover Airport

N

295

Lake Chesdin

150

Ashland 301

Swift Creek Reservoir

895

R R

R R

R R

Office Space HighlightsLocating in Greater Richmond is an easy choice due to the variety of different site options available, including prepared sites and buildings in more than 100 office and industrial parks as well as incubator facili-ties for small, start-up businesses. The high-lighted properties on the map above are just a few of the possible business loca-tions in Greater Richmond which are well-suited to the high-tech requirements of GreenTech companies.

u The Dominion Re-sources GreenTech Incubator, supported by Dominion Resources, Hanover County, the Town of Ashland, and the Virginia Bio-science Development Center, offers office space and business assistance for start-up firms specializing in energy efficiency and green technologies.

v Meadowville Technology Park, a satel-lite campus of the Virginia BioTechnology Research Park, offers 1,300 acres bordering the James River.

w The Sustainability Park is a commu-nity of businesses focused on sustainability and renewable energy ventures with office, laboratory, and warehouse space available.

x The Virginia BioTech-nology Research Park, home to more than 55 life science companies, research institutes and state and fed-eral laboratories, is adjacent to Virginia Commonwealth University, allowing tenants the advantage of scientific

collaboration.

y White Oak Technology Park is a 2,278-acre, master planned manufacturing center with zoning that favors high-tech, high-value manufacturing, R&D, and office uses.

The Dominion Resources GreenTech Incubator has announced the graduation of Eastlight Renewable Ventures, an implementer of commercial scale solar energy projects.

1

2 3

4

5

4 | Greater Richmond: Growing GreenTech

Electric Vehicles Rolling into Richmondn The Richmond market was chosen as one of only 19 areas where Ford will initially sell its all-electric Focus. Mar-kets were chosen based on hybrid-buying patterns, utility company collaboration and lo-cal government commitment to battery-powered vehicles.

n Dominion has formed partnerships with both Ford and Chevy to develop con-sumer outreach and educa-tion programs and to promote acceptance of the electric vehicle. The utility provider has also introduced a rate break for charging electric vehicles during off-peak hours.

n The Richmond region has received a federal grant in 2011 to develop a network of charging stations for electric vehicles.

n Richmond’s central location means quick access to other proven alternative-fuel vehicle markets, including the adja-cent Washington, D.C. area.

n J. Sargeant Reynolds Community College has been awarded a U.S. Department of Energy grant for the devel-opment of a new Advanced Electric Drive Vehicle Career Studies Certificate. The new program will focus on training technicians to maintain and repair hybrid, plug-in, and fuel cell electric vehicles.

Clean Energy

SolarChanging market conditions and increased government investment are expected to result in extreme growth in solar production on the U.S. East Coast. In fact, growth in the U.S. market outpaced the global mar-

ket in 2010 to 2011 and the Solar Energy Industries Association recently recognized the Southeast and the mid-Atlantic to be the next leaders in solar jobs and power installed. Greater Richmond is well positioned to lead this solar surge and is ready and eager to welcome new solar professionals and new technologies. Greater Richmond has:

n An existing foun-dation in the solar in-dustry, with installers and assemblers already present in the region.

n Solar-specific training and certification programs in place and a highly educated labor pool of more than 650,000 to supply future demand for workers.

n State and local government investment and incentives that target both solar manu-facturers and residential and commercial projects.

n A central location at the midpoint of the U.S. East Coast, putting the incentive-rich Northeast and the sun-rich Southeast in easy reach.

WindWith several planned projects, both on the ground and offshore, Virginia has the wind resources and the political environment needed for explosive growth.

n Plans are underway to develop mountain-top wind farm projects in several locations throughout Virginia.

n Virginia has been targeted for offshore wind energy development by the federal government, which plans to speed develop-ment in four swaths of ocean along the East Coast, including off the shore of Virginia.

n Virginia and nine other states have formed the Atlantic Offshore Wind Energy Consor-tium, which will promote, coordinate and expedite the development of offshore wind

facilities along the Outer Continental Shelf in the Atlantic Ocean.

n The Virginia Offshore Wind Development Authority, created by Virginia’s General As-sembly, is working to facilitate and support the development of the offshore wind indus-try. The Authority will 1) identify regulatory or administrative barriers to the development of the offshore wind industry; 2) collect environmental data; 3) upgrade port facili-ties to accommodate the manufacturing and assembly of project components and vessels needed to support wind projects; and 4) ap-ply for loan guarantees for such projects.

BiomassThere are at least 12 landfill gas power sta-tions in operation in the Richmond region and many more landfills within easy reach that are considered to be candidates for gas sequestration. There are also biomass power stations that burn wood chips as fuel, along with businesses special-izing in the setup and operation of such facilities. With pathways to opera-tion already set up, there is ample opportunity for further expansion in these areas.

Additionally, with Virginia’s plentiful agricul-tural resources, opportunity exists for plant-based biofuel production including biodiesel and ethanol. Crops such as corn, soybeans, sorghum and barley are already grown in Virginia and production grants available from the state further incentivize this busi-ness activity.

The U.S. Department of Energy awarded a $4.1 million grant to Alstom Power Inc. to develop an advanced turbine control system and $500,000 to Dominion Resources to analyze a potential offshore wind project for performance and energy cost estimates.

German-owned abakus solar USA has located in the City of Richmond to distribute solar panels and com-ponents. The new Richmond location is the company’s first entry into the U.S. market.

Work has begun on a 6.4-megawatt power plant at a Henrico County landfill. The $12 to $15 million plant will convert the methane gas re-leased by decom-posing waste into electricity.

Courtesy Dominion Resources

Greater Richmond: Growing GreenTech | 5

Dominion ResourcesDominion Resources, a Fortune 500 company headquartered in Richmond, is one of the nation’s largest producers and transporters of energy. Dominion is an important provider of electricity, natural gas and related services to customers in the energy-intensive Midwest, mid-Atlantic and Northeast regions of the U.S. The company has distinguished itself as a leader in renewable energy efforts and has developed a number of innovative projects to improve energy generation and the responsible use of energy.

n The Green Power Program allows customers, on a voluntary basis, to support renewable energy by contributing to the purchase of renewable energy certificates.

n Dominion plans to evaluate potential wind farms in two Virginia locations. The company has other wind operations in various stages of development outside of the Common-wealth.

n Dominion has both a biomass power station and a partial biomass plant in operation in Virginia. These plants produce energy by burning wood chips, a carbon-neutral activity. The company also has plans to convert three Vir-ginia coal-burning stations to biomass by 2013.

n Dominion runs several hydro power stations in Virginia, including those in Bath and smaller operations in Big Island and Mineral.

n Dominion is planning a $27.9 million integrated solar and battery storage demonstration project in Virginia that will effectively manage, store, and optimize solar energy to regulate

intermittency, enable peak savings and increase grid reliability.

n Dominion’s Alternative Energy Solutions group, formed in 2009, is tasked with 1) providing technol-ogy research to support its business units, 2) identifying business opportunities, 3) participating in the nation’s energy policy development process, and 4) providing an information and idea-sharing forum within Dominion

on conservation and load management and renewables. As part of its effort to identify new business opportunities, the team recently worked with several early-stage Israeli energy tech-nology companies seeking entry into the U.S. market.

Business Incentives and Supporting PolicyVirginia has long been a national leader in green and clean technology, specifically in the fields of research and advocacy, energy efficiency, and energy storage. Over the past several years, the General Assembly has passed many important pieces of legislation with the goal of making Virginia the Energy Capital of the East Coast.

n A new Green Jobs Tax Credit provides for an annual credit against the Virginia corporate or individual income tax of $500 per job for up to 350 jobs and up to five years.

n Through the Clean Energy Manu-facturing Incentive Grant Program, a clean energy manufacturer can receive a grant for up to six years if it meets certain investment and employment goals.

n The Recycling Equipment Tax Credit is an income tax credit equal to 10 percent of the total original capital-ized cost of machinery and equipment purchased for processing recyclable materials.

n The Biofuels Production Incentive Grant Program allows producers of biofuels to receive a production incen-tive grant of $0.10 for each gallon of biofuel sold.

n The Research and Development Expenses Tax Credit offers a tax credit for qualified research and devel-opment expenses.

n The Universities Clean Energy Development and Economic Stimu-lus Foundation will identify, obtain, disburse, and administer funding for research and development of alterna-tive fuels, clean energy production and related technologies as well as assist in the commercialization of alternative fuels and clean energy technologies.

n Virginia has developed a consistent, efficient, and cost-effective Fleet Man-agement Program for vehicles owned by the Commonwealth, including the purchase of fuel-efficient vehicles and the use of biodiesel and ethanol fuels.

n Virginia executive branch agencies and institutions have reduced the an-nual cost of non-renewable energy purchases by at least 20 percent of fiscal year 2006 expenditures. Efforts include energy conservation strate-gies and green building, as well as an increased procurement of renewable energy.

Dominion’s Chesterfield Power Station will be one of the cleanest coal-fired plants on the East Coast with the use of a newly installed scrubber which removes more than 95 per-cent of sulfur dioxide and 80 percent of hydrochloric and sulfuric acids.

Dominion Resources has in-vested $3 million in Power Tag-ging Technologies Inc., a firm with technology to track and measure electricity as it moves through the electricity grid.

Dominion Clearinghouse is the energy trading and marketing operation of Dominion, offering reli-able, competitively priced services to utilities, cooperatives, municipalities and power marketers.

Courtesy Dominion Resources

6 | Greater Richmond: Growing GreenTech

Select Green Associations and Organizations The Virginia Alternative & Renewable Energy Associa-tion (VA-AREA) is a growing lobbying voice in support of the development, commercial-ization and use of alternative and renewable energy in the Commonwealth of Virginia. The group’s goal is to meet the growing energy demands of Vir-ginia while improving both the economy and the environment.

The Virginia Recycling As-sociation (VRA), the leading resource of recycling informa-tion for the Commonwealth of Virginia, is committed to pro-moting recycling as an integral part of resource conservation and solid waste management.

STIR (Sustainable Transpor-tation Initiative in Richmond)seeks to minimize the impact travel has on our environment and ensure the Richmond region’s future transportation system provides an array of cost-effective, sustainable transportation choices.

The Virginia Biomass Energy Group is an association of people from various fields who are actively involved in bio-energy in the Commonwealth of Virginia.

The Sustainable Communi-ties Institute (SCI) at Vir-ginia Commonwealth University addresses social, physical, environmental, and economic issues of sustainability through planning, research and commu-nity engagement.

The Virginia Clean Cities co-alition works with vehicle fleets, fuel providers, community leaders, and other stakehold-ers to reduce petroleum use in transportation.

GreenTech CompaniesThe following is just a selection of the many, varied green technology companies already doing business in Greater Richmond.

Company Type of Business Location

Energy

abakus solar USA Solar energy equipment distribution Richmond

Alfa Laval Heat transfer, separation, and fluid handling equipment

Henrico

Alstom Power, Inc. Equipment and services for power generation, including wind turbines

Chesterfield

Dominion Power Producer and transporter of energy Richmond

Eastlight Renewable Ventures

Commercial solar energy development Richmond

English Boiler and Tube Industrial watertube boiler manufacturing Henrico

Ingenco, Inc. Energy production from landfill gas Henrico

Marine Renewable Technologies

Underwater hydraulic turbines Hanover

Marz Industries Clean-emission hydrogen fuel cells Hanover

Recast Energy Biomass combined heat and power projects Richmond

Seawind Renewable Energy Corp.

Wind energy project development Henrico

Shockoe Solar Installation of grid-tiled solar energy systems Hanover

Financing and Corporate Solutions

Ameresco Energy solutions Richmond

Environmental Solutions, Inc.

Corporate environmental solutions process integration

Chesterfield

Ewing Bemiss & Co. Investment banking firm with special knowl-edge of alternative energy and environmental services industries

Richmond

Recycling

Ace Recycling Construction and demolition debris recycling Chesterfield

AERC Recycling Solutions

Electronics recycling Hanover

Greenleaf Recycling Services

Electronics recycling Hanover

Manchester Paper Recycling Inc.

Supplier of recycled wastepaper Richmond

PRIVA Glass recycling Chesterfield

TechTurn Technology recovery, refurbishing, and remar-keting

Hanover

Engineering, Construction and Environmental

AECOM Professional technical and management sup-port services

Henrico, Richmond

ARCADIS Consultancy, design, engineering, and man-agement services

Henrico

CitySpace Construction Green building construction Richmond

Degrémont Water treatment Henrico

Froehling & Robertson Geotechnical and environmental engineering Henrico

Organica Sustainable Water

Water treatment Richmond

ReadyCorporation Supplier of sustainable building systems Hanover

Education and Training ProgramsAs one of the best-educated metros in the Southeast, the Richmond region is home to 15 four-year institutions and 11 two-year institutions of higher education. Total enroll-ment is greater than 77,500 with more than 12,000 degrees conferred annually. Because of numerous collaborative efforts between universities and industry, students have many opportunities to gain real-world experience and graduates are well-prepared to enter the workforce. Several institutions of higher edu-cation offer programs of particular interest to GreenTech industries.

Virginia Commonwealth University offers:

n Master of Science in nuclear engineering.

n A variety of bachelor’s, master’s, and cer-tificate programs in environmental studies.

n Certificate of Sustainability through the School of Business.

n Courses of study in many scientific fields such as physics, biology, and chemistry.

n Specialized science pro-grams such as biochemistry and bioinformatics.

n Degree programs in bio-medical, chemical, life science, electrical, computer, and mechanical engineering.

The University of Richmond offers:

n Bachelors of Arts and Sciences programs in environmental studies.

n Dual degree programs including environ-mental management and forestry.

n Courses of study in general sciences such as chemistry and biology.

Randolph-Macon College offers:

n Bachelor of Science in environmental studies.

n Courses of study in physics, biology, and chemistry.

J. Sargeant Reynolds Community College, John Tyler Community College, and the Community College Workforce Alliance offer:

n AS and AAS degrees, certificate programs, and credit and non-credit classes in occupa-tional and technical areas, including biotech, chemical, and engineering technologies.

n A series of green and renewable energy courses designed to prepare students for a variety of pro-fessional certifications such as Indoor Air Quality Manager, Solar Hot Water Heating, and Building Energy Efficiency.

Additionally, the Off-Grid Green Living Center offers:

n The Virginia Renewable Energy School, which con-ducts classes for those wanting to begin a career or transi-

tion into the field of renewable energy. The school offers courses for students to become NABCEP certified in all fields of renewable energy.

n The Green Living Education Center of Virginia is a non-profit venue for schools and groups as well as the general public wanting to learn about renewable energy and sustainable and green living.

Greater Richmond: Growing GreenTech | 7

Tax ExemptionsLocalities in the State of Virginia have the option to exempt or partially exempt certain kinds of property, or to tax it at a lower rate. Many of the localities in the Greater Richmond area offer tax incentives for green-minded real estate or other environmentally-friendly property.

WorkforceGreater Richmond’s workforce is made up of more than 650,000 dedi-cated and skilled workers with a range of education and experience ideally suited to GreenTech industries.

Greater Richmond’s workforce is well-educated.

n Of the population aged 25 or older, more than 30 percent hold a bachelor’s degree or higher.

n The area’s institutions of higher education confer more than 12,000 post-secondary degrees each year.

n Higher education institutions part-ner with industry, providing resources to local business, furthering innovation, and giving students valuable industry experience.

Greater Richmond’s workforce is versatile.

n With a variety of high tech and progressive science and engineering educational programs available, metro Richmond is prepared to supply the labor force for cutting-edge industries.

n The existing presence of fields such as advanced manufacturing and bio-technology mean that many employees have valuable transferable skills.

Greater Richmond’s workforce is competitive.

n Reasonable Wages: Wages in the metro area are moderate. Virginia has the fourth lowest cost for Workers’ Compensation in the nation.

n Low Unionization: Greater Rich-mond has a history of good labor-management relations with only a 4.5 percent unionization rate among private-sector workers. Virginia is a right-to-work state.

n Large Labor Pool: Greater Rich-mond is a magnet for labor, drawing a workforce from more than 40 localities statewide.

Real estate that has been substantially rehabilitated

Pollution control equip-ment

Certified solar energy equip-ment

Certified recycling equip-ment

Energy conversion and co-generation equipment

Enterprise Zone

City of Richmond u u u

Chesterfield u u u u

Hanover u u u u

Henrico u u u u u

VCU has added a Certificate of Sustain-ability to the School of Business which will teach business people how to cut costs by looking into alternative energy, transportation and waste consumption.

Courtesy VCU Creative Services

Courtesy Virginia Union University

ChicagoBoston

New York

Atlanta

95

9585

64

66

81

81 77

495

Greater Richmond

Washington, D.C.

Miami

Orlando

Philadelphia

Toronto, ON

8 | Greater Richmond: Growing GreenTech November 2011

The Greater Richmond Partnership, Inc. is a publicly and privately funded, regional economic development organization represent-ing the counties of Chesterfield, Hanover, and Henrico and the City of Richmond, Virginia. The Partnership provides site location as-sistance, relocation services, information and research support, and public relations services to domestic and foreign companies planning new or expanded facilities. Services are pro-vided with no cost to the company and with complete confidentiality.

Contact Us

United States901 East Byrd Street | Suite 801 | Richmond, Virginia, USA 23219-4070804-643-3227 Tel. | 800-229-6332 Toll Free | 804-343-7167 FaxFind us on the web at www.grpva.com

United Kingdom, Scandinavia, The Netherlands: Andrew Harfoot, Springboard Marketing Limited1 Tonbridge Chambers | Pembury Road | Tonbridge, Kent TN9 2HZ44-1732-363399 Tel. | 44-1732-352304 Fax | E-mail: Andrew.Harfoot@springboard-marketing.co.uk

Germany, Switzerland, Austria: Mrs. Edith Pflug, Director, European OperationsPoststrasse 15-23 | D-50676 Cologne, Germany49-221-232602 Tel. | 49-221-2407357 Fax | E-mail: pflug@grpeurope.de