Gearbox Express Opens 75,000-Square-Foot Wisconsin Facility
Gearbox Express (GBX) recently celebrated the official grand opening of its new 75,000-square-foot facility in Mukwonago, Wisconsin.
"This is exciting news," said Tom Kiernan, of AWEA. "Two-thirds of the value of an American wind farm is made-in-the-USA. A robust U.S. supply chain, in particular a thriving operations and maintenance sector, will be critical to quadrupling American wind power to 20 percent of the grid by 2030, and saving consumers money while doing it.
"We've been saying all along that stable policies for clean energy will keep U.S. factory jobs and create new ones. AWEA welcomes this new Gearbox Express plant to the over 500 manufacturing facilities in 43 states that are part of our clean energy success story."
Gearbox Express launched in 2012 and was quickly seen as a disruptor in the industry with its strict focus on aftermarket infrastructure.
"When we launched, all we saw was opportunity. There are more than 50,000 active turbines in the United States and it's a fact that the gearboxes will need replacing during their lifetime," said Bruce Neumiller, CEO of Gearbox Express. "The wind farm owners want their investments to keep running and for us to help protect and manage their assets. Demand exceeded all of our expectations and here we are today-officially opening our new headquarters which is twice the size of our first space, with room to grow."
The three wind industry vets attracted millions of dollars of investment capital along with a $3.4 million low interest, revolving loan from the Wisconsin State Energy Program.