By Kansas City Business Journal half-dozen cities in Kansas and Missouri that submitted proposals competing for the project. Exergonixâ¿¿s storage systems help bridge the gap between energy production and consumption by storing excess energy from utilities and wind and solar power generators, then distributing it when needed. The company expects to bring 275 jobs with an average salary of $51,000 to Leeâ¿¿s Summit during its first five years. Nissanka made the announcement at the Leeâ¿¿s Summit Economic Development Council (LSEDC) Quarterly Investor Luncheon. Leeâ¿¿s Summit Mayor Randy Rhoads called Nissankaâ¿¿s announcement â¿¿fantastic news.â¿ â¿¿We are proud to partner with Don Nissanka and his executive team as they create a new way to supply energy that will ultimately bring green jobs and green solutions to our community locally, as well as nationally and internationally,â¿ Rhoads said in a statement. The city expects Exergonixâ¿¿s expansion to create a $750 million ripple effect in the local economy during the next 10 years. â¿¿Heâ¿¿s creating a whole new industry and, on top of that, he is creating a support system of energies around it,â¿ LSEDC CEO Jim Devine said. Nissanka said he hopes to break ground on the assembly plant during the spring and have it open by 2012. The company currently has about 20 employees, but Nissanka said he expects to add jobs at a rate of about 100 a year through 2013.
Nissanka formerly was CEO of Leeâ¿¿s Summit-based advanced battery maker Kokam America Inc., which was purchased in late 2009 by a joint venture it had formed with The Dow Chemical Co. (NYSE: DOW) â¿¿ Dow Kokam LLC.Copyright 2011 American City Business Journals http://www.bizjournals.com/kansascity/news/2011/01/05/exergonix-picks-lees-summit-for-90m.html?ana=thestreet