CMG Clean Tech, a France-based global leader in the green energy technology sector, has announced its first US flagship facility, Green Garden Village, in Osceola County, Florida. The $431m project, a new renewable energy technology manufacturing park, is expected to create 1,200 jobs over the next three years.
“Having recently set up Panacea Global Energy as our US entity, we believe it to be an ideal name for an energy company that represents our goal of providing sustainable green tech solutions to complex energy problems,” Shaun Green, COO of CMG Clean Tech, told a Florida-based publication.” Just as the mythical Panacea was cure-all for sickness and disease, we aim to be a source of and provide solutions for all of our customers’ growing energy requirements.”
CMG Clean Tech, listed as MLCMG on the Euronext Paris Exchanges, specialises in the renewable energy sector and is a global leader in developing clean hydrogen and solar technology to help countries, organisations and individuals alleviate their environmental impacts and meet ambitious 2050 carbon neutrality goals. The company produces and manufactures products to reduce gas and energy uses, including electric vehicle charging stations, mobile green hydrogen units, solar-assisted heat pumps, solar tiles and battery storage systems.
“We are thrilled that CMG CleanTech is establishing its US headquarters in the Orlando region,” said Tim Giuliani, Orlando Economic Partnership President and CEO, to a Florida-based publication. “With the company’s technical innovation and capability, the Green Garden Village is assuring Osceola County’s long-term position in the green energy and renewable energy sector.”
Thanks to its unparalleled access to markets in Latin America and the Caribbean, coupled with a population of 21 million and a $1trn GDP, Florida has benefitted from rising levels of foreign direct investment over the past decade. The number of employees at majority-owned US affiliates of foreign entities in Florida has grown by about 60% during that period, with investors enticed by low taxes, a streamlined regulatory framework and a range of targeted industry incentives to help lure investors.
The Sunshine State has also made international headlines of late thanks to its Republican governor Ron DeSantis, who is running to become the next president of the US.