Tennessee Advanced Energy Business Council

The 2024 Tennessee Advanced Energy Economic Impact Report is Here! ?? Here’s what you need to know: ? Generated $55.9 billion in Tennessee’s GDP ? Over 420,000 jobs statewide, with salaries 31% higher than the state average ? Growth that’s outpacing the overall economy, driving innovation and opportunity. ?? Download the full report now: https://lnkd.in/eapP_qhj Let’s work together to fuel Tennessee’s energy future. ??? Share this post to spread the word about the incredible impact of advanced energy in our state! Thank you to the Howard H. Baker Jr. School of Public Policy and Public Affairs for crunching the numbers and the Tennessee Valley Authority and the University of Tennessee, Knoxville, for funding this report. #AdvancedEnergy #EconomicImpact #TennesseeInnovation #CleanEnergy #WorkforceDevelopment #EnergyLeadership #TennesseeJobs #EconomicDevelopment

???? Happy Thanksgiving from #TAEBC! ???? This season, we’re thankful for our incredible members, partners, and advanced energy leaders. Thank you for being an essential part of our mission to increase education about Tennessee’s advanced energy assets, establish strategic partnerships to connect assets with opportunities, and inform policy that expands and strengthens the industry.????

2024 Tennessee Advanced Energy Economic Impact Report Highlight ???? Marianne Wanamaker, Dean of the Howard H. Baker Jr. School of Public Policy and Public Affairs, presented the 2024 Tennessee Advanced Energy Economic Impact Report findings at Opportunities in Energy. ?? The 2024 Tennessee Advanced Energy Economic Impact Report further defines the scope of Tennessee’s robust advanced energy sector. Updated with new stats from the 2021 report, the 2024 report quantifies Tennessee’s advanced energy economic impact and identifies: ?? Number of jobs ? Contribution to state GDP and state/local taxes ?? Number of companies associated with the state’s advanced energy sector ?? Download the report: https://brnw.ch/21wOZvA.

?? Major wins for Tennessee! ?? The U.S. Department of Energy (DOE) announced $70.8 million to support partnerships with state and local governments to support small and medium-sized manufacturers (SMMs) in key sectors such as automotive, battery recycling, and smart manufacturing. Tennessee is a proud recipient of awards under three impactful initiatives: ?? $5.5M was awarded to the Tennessee Department of Environment and Conservation to upgrade auto facilities, strengthen electric, hybrid, and fuel cell vehicle supply chains, and retain good paying jobs! ?? The Tennessee Department of Environment and Conservation was selected to make battery recycling more accessible for consumers, reducing waste and improving the nation’s battery recycling landscape. ?? The Tennessee Partnership for Smart Manufacturing was selected to receive funds to expand access to emerging technologies that increase efficiency and reduce costs for manufacturers. These awards reflect Tennessee’s leadership in clean energy, advanced manufacturing, and innovation! Learn more about this announcement: https://lnkd.in/eUnCFpqf

Gov. Bill Lee’s Tennessee Nuclear Energy Advisory Council has released its Final Report, showcasing Tennessee’s leadership in nuclear energy and its critical role in providing carbon-free, reliable power. Key highlights include: ?? The Tennessee Valley Authority is positioned to lead the nation with the first grid-connected SMR, a game-changer for clean energy and national security ?? Over 230 nuclear companies call Tennessee home. The Council recommends strengthening incentives to attract even more businesses ?? A proposed Tennessee Nuclear Energy Workforce Center will ensure we have the skilled talent to meet the industry’s growing needs ”For new nuclear to become a reality there has to be a first mover,” said Jeff Smith, Council Vice Chairman. “There is no other utility in the United States better positioned to lead in this regard than TVA.” Learn more and download the report: https://lnkd.in/gB5EUyG6

CEO Panel: Advanced Energy in Tennessee Highlight ? Marianne Wanamaker, Dean of the Howard H. Baker Jr. School of Public Policy and Public Affairs, led a discussion with industry leaders about Tennessee’s role in the advanced energy sector. The panel covered: ?? Current initiatives ?? Challenges in the industry ?? The future of advanced energy in Tennessee Thank you to our panelists: ?? Jeff Lyash, President and CEO of the Tennessee Valley Authority ???Jean-Luc Palayer, President and CEO of Orano USA ???Matt Kisber, Chairman of the Board at Silicon Ranch Corporation; #TAEBC Board Member We hope to see you next year! ??

Big announcement from Opportunities in Energy 2024! ??? We’re thrilled to share that the Tennessee Valley Authority awarded the first-ever $10,000 Spark Award to AluminAiry, a graduate of the Spark Cleantech Accelerator. ?? AluminAiry’s innovative aluminum-air battery system caught TVA’s attention with its clean electricity generation potential, lack of reliance on rare earth elements, and ability to enhance grid resiliency. This award reflects TVA’s commitment to fostering breakthrough technologies that align with the future needs of our energy ecosystem. Congratulations to AluminAiry, and kudos to all the incredible cohort companies who presented during the Spark Cleantech Accelerator demo day. TAEBC is proud to support initiatives like these that drive innovation and energy advancement. Thank you to TVA and the Spark Cleantech Accelerator (Spark Innovation Center at the UT Research Park) for their impactful partnership in building a brighter, cleaner energy future. ??? Learn more about this award on teknovation.biz: https://lnkd.in/gtxibtXv ??: Lilly Tench | Brian Washington | Curt Jawdy, PE | Miles Biggs

?? Big news in nuclear energy! ?? #TAEBC member Centrus Energy Corp. is investing $60M to expand manufacturing in Oak Ridge, TN, laying the groundwork for a potential large-scale uranium enrichment expansion in Piketon, OH. ?? This expansion supports efforts to restore America’s uranium enrichment capacity, reduce reliance on foreign sources, and secure a reliable fuel supply for current and next-gen reactors. "This investment jump-starts what we hope will be a multi-billion-dollar commitment to reestablishing America’s uranium enrichment capacity — deploying American technology, built by American workers, supported by an American supply chain,” says Centrus CEO Amir Vexler. With $2B+ in purchase commitments and federal DOE awards, this is a significant step toward strengthening U.S. energy independence. ?? Read the full announcement here: https://brnw.ch/21wOQFY

?? Congratulations to AESSEAL Inc.! ?? During the 11th Annual Opportunities in Energy, the Tennessee Advanced Energy Business Council proudly awarded AESSEAL the 2024 Thomas B. Ballard Advanced Energy Leadership Award, presented by Solar Alliance. This honor recognizes AESSEAL’s pioneering solar + storage sustainable manufacturing project, one of Tennessee's first large-scale installations for private industry. ?? Their 526-kilowatt solar PV system paired with a 500-kilowatt battery powers AESSEAL’s Rockford, TN facility with renewable energy, enhances energy resilience, and promotes sustainability across operations. ?? Congratulations to AESSEAL and their Head of Operations, Chris Staackmann, for championing clean energy innovation ?? Thank you to Solar Alliance for serving as the 2024 award presenter! ?? Learn more about this incredible achievement: https://brnw.ch/21wOPcT

?? That’s a wrap! ?? Thank you to everyone who joined us for our 11th Annual Opportunities in Energy event! It was an incredible day of networking, insights, and discussions focused on championing the future of Tennessee's energy sector. A special shoutout to our amazing speakers, supporters, and attendees who made this event a huge success. Stay tuned for more updates about the event, and we’ll see you next year! ??