Odessa is a prime destination for renewable energy growth

Odessa, Texas, enjoys a long history at the forefront of the domestic energy industry. For decades, the focus stayed on oil and gas, but the region is rapidly drawing attention as a renewable energy hub. Abundant natural resources perfect for renewable energy expansion, coupled with a dedicated, experienced workforce, create unlimited opportunities for new and relocating businesses. As green energy initiatives and related opportunities, such as carbon capture, gather more widespread support and benefit from tax incentives, adjacent industries can also benefit from choosing Odessa.

Permian Basin remains the energy leader

The Permian Basin of West Texas was uniquely positioned to lead the United States in oil and gas production for decades, and Odessa is committed to retaining the energy leader designation by focusing on renewable energy and related industries. The geological benefits of the region make it perfect for solar and wind farms. A semi-arid desert surrounds Odessa in the Permian Basin. Steady winds can power turbines while an average of 300 sunny days each year complement solar energy production. 

Large parcels of land are available for sale and can be developed with incentives, creating a unique opportunity for energy storage in large-scale battery farms near the point of origin. With Texas already leading the way for both solar and wind production in the United States, Odessa is the perfect choice for further developments and energy warehousing. 

“Relying on some of the largest oil and gas reserves in the world is a strength. It has allowed the Permian Basin to become a leader in the energy industry. Some of the largest wind and solar energy offerings are in West Texas as well,” said David Boutin, ODC Board Member and CEO of Genius HR Process Management Solutions. “We are on the verge of explosive growth that will be extremely successful if we manage it. The more proactive we are, the better long-term success we will have.”

Geographical benefits of choosing Odessa

For renewable energy firms seeking out new opportunities, Odessa’s West Texas location offers easy access to other major cities and markets while a degree of geographic isolation provides additional security for firms prioritizing intellectual property protection. Further domestic energy production also provides additional protection to local energy companies, manufacturers, and the United States. As Odessa’s economy further diversifies, renewable energy companies will benefit from easy access to parts, machinery, and raw materials to establish production or repair essential components. 

Workforce’s energy history translates to success

Years of experience as an energy hub for the U.S. has created a highly skilled workforce in Odessa for manufacturers and energy providers. Dynamic technical programs at local colleges equip future workers with essential skills, and local educational institutions are very responsive to employment trends in the region. New programs and courses can be deployed for emerging needs, making it easy for new and existing enterprises to scale with local talent. When recruitment or relocation are necessary, Odessa offers an affordable, vibrant community for young workers or families planning a move. 

Odessa supports renewable energy

For new or relocating businesses, finding a supportive city is key for long-term success. From the education system to local governments, renewable energy companies will quickly see Odessa a welcoming environment with ample resources to promote business development. Tax incentives and grants are available for new and expanding companies meeting specific criteria.

To learn more about the opportunities in Odessa, contact Odessa Development Corporation today.