Jacksonville City Council approved the economic development agreement last fall as Project Orion
JACKSONVILLE, Fla. (January 23, 2024) – Stellar Energy, an industry leader in providing solutions for boosting energy performance, today announced a major expansion of their manufacturing capacity.
Stellar Energy’s Turbine Inlet Air Chilling systems for power and LNG producers, and Modular Cooling Systems for hyperscale technology industries, are in high demand as companies seek to operate more efficiently and sustainably. The Jacksonville-based company plans to triple manufacturing capacity in 2024 and projects a five-fold increase in 2025.
The company plans to invest more than $28 million in the project -- $20 million in the building and more than $8 million in equipment. The Jacksonville City Council unanimously approved the economic development deal in October.
“My administration is laser focused on job growth, so Stellar Energy’s exciting expansion perfectly aligns with our goals for increasing good-paying jobs and supporting Jacksonville’s fast-growing manufacturing industry,” Jacksonville Mayor Donna Deegan said. “This is another great example of an economic development deal the city can be proud to support. It will pay dividends for years to come.”
"We are thrilled to announce Stellar Energy's decision to choose Jacksonville as the location for our continued exponential growth,” said Peter Gibson, Stellar Energy’s Executive Chairman. “Our expansion will not only bring a $28 million dollar investment to the city but also create high-paying jobs for the local community. This is a big plus for everyone.”
Gibson said the project will create at least 250 jobs in 2024, with more growth expected in the coming years.
“This is a major manufacturing project and a huge win for our region,” JAXUSA Partnership President Aundra Wallace said. “These are sought-after, high-wage job opportunities in our community and we appreciate Stellar Energy continuing to innovate and invest in their hometown.”
About Stellar Energy
Stellar Energy, a Jacksonville-based company, is an industry leader in the design, construction, fabrication, installation, operations and maintenance and servicing of a range of energy systems that can enhance energy performance.
About JAXUSA Partnership
JAXUSA Partnership, a division of JAX Chamber, is Jacksonville’s regional economic development organization. JAXUSA Partnership recruits new companies and expands existing business to increase high-wage job growth, private capital investment and a highly skilled talent presence in Northeast Florida. The organization works with economic development partners in Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns Counties; the independent authorities of JAXPORT, JAA, JEA and JTA; CareerSource Northeast Florida; and private-sector investors in its mission to be a catalyst for regional economic growth.
About the City of Jacksonville
The City of Jacksonville is the largest city by land mass in the contiguous United States, serving approximately 900,000 residents. Located in Duval County, City of Jacksonville leadership includes the mayor and a 19-member City Council. To learn more about the City of Jacksonville, visit COJ.net.