New report serves as comprehensive resource to educate stakeholders,
aid Tennessee organizations implement advanced energy projects.

FOR IMMEDIATE RELEASE

Knoxville, Tenn. (September 25, 2013) – The Tennessee Advanced Energy Business Council, in partnership with the Tennessee Energy Education Initiative, released the Tennessee Advanced Energy Asset Inventory—a comprehensive report detailing Tennessee’s energy-related resources. The Asset Inventory is designed to educate stakeholders about Tennessee’s impressive array of assets so Tennessee can gain its fair share of the global $1 trillion advanced energy market. It also serves as a tool to aid organizations and businesses implement energy efficiency, renewable energy and energy management projects.

The 40-page report includes an overview of energy-related programs, research institutions, economic development organizations, and installation and service providers in Tennessee. Together, these numerous and varied assets represent the state’s burgeoning advanced energy sector, which focuses on diverse and intelligent energy creation and use. The full Asset Inventory is available at TNAdvancedEnergy.com.

“The sheer quantity of advanced energy assets in Tennessee is impressive and should be seized upon by businesses and organizations across the state to grow our economy,” said Tom Ballard, president of the Tennessee Advanced Energy Business Council. “The vast amount of information about these resources can sometimes be overwhelming. By consolidating everything into one accessible report, we’ve made it easier for people to connect assets with opportunities, so they can collaborate and accelerate the growth of Tennessee’s advanced energy economy.”

The Tennessee Advanced Energy Business Council was created to champion advanced energy as a job creation and economic development strategy and foster the growth of Tennessee’s advanced energy technologies, companies, and jobs.

The Asset Inventory will be available for years to come alongside a wealth of additional tools in the Tennessee Energy Education Initiative’s Online Resource Center. Keynotes, technical presentations and instructional resources from energy education events from across the state are available on-demand at TNEnergy.org/resource.

“The Asset Inventory serves as a perfect complement to the keynote addresses, presentations and training courses available at the Online Resource Center,” said Clint Gwin, president of Pathway Lending. “It guides businesses from education through implementation, including financing assistance.”

Funded by the American Reinvestment and Recovery Act through the U.S. Department of Energy and Tennessee Department of Environment and Conservation Office of Energy Programs, the Tennessee Energy Education Initiative is coordinated by Pathway Lending and supported by energy-focused organizations across the state.

About Pathway Lending

Founded in 1999, Pathway Lending is a US Treasury certified Community Development Financial Institution (CDFI) whose mission is providing underserved businesses with lending solutions and educational services that result in job creation and economic development. The organization operates statewide in Tennessee, primarily serving low-to-moderate-income communities, CDFI Investment Areas, and Other Targeted Populations such as minority-owned businesses, and places strong emphasis on job and wealth creation. It is endorsed by the Tennessee Bankers Association. Pathway Lending is headquartered in Nashville and currently has offices in Knoxville, Tri-Cities and Jackson. To learn more about the Tennessee Small Business Jobs Opportunity Fund and other Pathway Lending products and services, please visit www.pathwaylending.org or call (615) 425-7171.

Acknowledgement

This project is funded under an agreement with the State of Tennessee. This material is based upon work supported by the Department of Energy under Award Number DE-EE0000160. CFDA81.041.

Tennessee Energy Education Initiative media contact:

Nate West, Seigenthaler Public Relations
nwest@seigenthaler.com
615.327.7999

U.S. Advanced Energy Market was $132 Billion in 2011, with 19% Year-Over-Year Growth Estimated for 2012

A report released by Advanced Energy Economy shows that advanced energy was a $1.1 trillion global market in 2011, larger than pharmaceutical manufacturing worldwide. The first-ever analysis of the advanced energy sector also shows that the market in the U.S. represents a significant part of the nation’s economy, with $132 billion in revenue in 2011, and a 19 percent growth rate estimated for 2012, with U.S. revenue rising to $157 billion.

Including direct, indirect, and induced economic activity associated only with the domestic market, advanced energy added an estimated $145 billion to U.S. Gross Domestic Product in 2011, and generated more than $20 billion in federal, state, and local taxes.

“Advanced energy is what happens when energy meets 21st Century technologies,” said Graham Richard, CEO of Advanced Energy Economy, a national business organization. “This report defines precisely, for the first time, the size, breadth, and scope of the advanced energy industry. With a $1 trillion global market and a U.S. industry that is already bigger by revenue than trucking, advanced energy is a significant contributor to the economy today and has greater potential for tomorrow.”

The report was commissioned by the Advanced Energy Economy Institute, AEE’s educational and charitable affiliate, and produced by Pike Research, a part of Navigant’s Energy Practice and a leading market analysis team.

Read more at advancedenergynow.net