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Charlottesville Company Plans Danville Operation - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Charlottesville Company Plans Danville Operation

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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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Information from: The Daily Progress, http://www.dailyprogress.com
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