Renewable Energy
New Mexico has substantial renewable resources from solar, wind, hydroelectric, biomass and geothermal energy.
WHY GREATER ALBUQUERQUE?
With unparalleled intellectual capital assets, strong institutional capacity for program graduates, and over 33,550 employed in renewable energy cluster industries, greater Albuquerque offers unique strengths for companies seeking to locate and grow in a high quality environment with a specialized set of skills in renewable energy production and research and development.
$3.8 B
2021 CONTRIBUTION TO GDP
2nd
FOR LOWEST TOTAL COST OF UTILITIES (MORE INFO HERE)
20%
INCREASE IN JOB GROWTH FROM 2018-2023
INDUSTRY CLUSTERS
Nestled within the pro business climate of New Mexico, new economic opportunities strengthen the potential for sustainable and green energy development in solar, wind, geothermal, and hydrogen.
MAJOR EMPLOYERS
These industries have enjoyed comfortable expansions thanks to the unique assets anchored within the region.
“Kairos Power is pleased to continue growing our presence in New Mexico and contribute to the local ecosystem of clean energy innovation,” Kairos Power CEO and co-founder Mike Laufer “The infrastructure and capabilities we are investing in here are critically important to our long-term commercial strategy and will enable the delivery of a safe, reliable, and affordable technology, starting with the Hermes demonstration reactor. We thank the City of Albuquerque and the State of New Mexico for their continued support as we work to bring value to the region while advancing our clean energy mission.”
Mike Laufner, CEO, Kairos Power
SUSTAINABLE WORKFORCE
In greater Albuquerque, a spirit of collaboration and innovation drive new growth and opportunity within renewable energy sectors a mix of both highly specialized engineering and production based talent.
1,220
TOTAL PROGRAM COMPLETIONS
25%
REGIONAL 5-YEAR JOB GROWTH
25,250
2021 ANNUAL AVERAGE INDUSTRY EMPLOYMENT