February 2014 Chattanooga Listening Session: Full support of advanced energy as a job creation and economic strategy

A full representation of Tennessee’s advanced energy sector participated in the February 2014 listening session, held in Chattanooga, Tenn. Industries represented include engineering, architecture, construction, manufacturing, power generation, energy management, energy efficiencies, renewable energy transmission, research and higher education. Also in attendance was Assistant Secretary David Danielson of the U.S. Department of Energy, U.S. Congressman Chuck Fleischmann, City of Chattanooga Mayor Andy Berke, Oak Ridge National Laboratory Director Thom Mason and University of Tennessee Executive Vice President, David Millhorn.

A lively discussion took place during the listening session, with full support of the Tennessee Advanced Energy Business Council and its mission to promote advanced energy as a job creation and economic strategy in the state.

Several key themes emerged from the discussion:

  • There should be ways to bridge the gap between basic research and applied research in the state. Several attendees expressed the need to connect companies, America’s national labs and Tennessee’s research assets.
  • Attendees discussed policies to remove market barriers so the best advanced energy technologies, companies and jobs can thrive in Tennessee and across the country.
  • Educating elected officials on advanced energy is key.
  • International competitiveness is a challenge. There is no reason Tennessee can’t have its fair share of the $1.1 trillion, global advanced energy market.

Finally, attendees agreed that roundtables, listening sessions and other events that the Tennessee Advanced Energy Business Council produces are very beneficial to connect our assets with economic opportunities for Tennessee’s advanced energy companies and technologies.

TAEBC Chattanooga Listening Session attendees

TAEBC Chattanooga Listening Session attendees

Advanced Energy is a $1.1 Trillion Global Industry; Grew Twice as Fast as the World Economy in 2013

Washington, D.C. – At $1.1 trillion in estimated global revenue, advanced energy grew at a rate more than double the global economy last year, according to a market report commissioned by Advanced Energy Economy (AEE). In the United States, the advanced energy market excluding wind energy experienced double-digit growth the last two years – outpacing the economy by a factor of four – while wind energy saw a boom and bust in that two-year period due to inconsistent federal policy.

The study, conducted by Navigant Research, found that advanced energy in the United States was a $169 billion market in 2013. Excluding the wind industry, which experienced a drop due to uncertainty regarding the federal Production Tax Credit (PTC), U.S. advanced energy revenue grew 18 percent in 2012 and 14 percent in 2013. Revenue from wind installations jumped from $13 billion in 2011 to $25 billion in 2012, then plunged to $2 billion in 2013. Overall, U.S. advanced energy revenue in 2013 was 27 percent higher than 2011 and down 2 percent from 2012.

In 2013, the global advanced energy market is bigger than pharmaceutical manufacturing worldwide. In the United States, advanced energy market is as large as the airline industry.

For more information or to download the full report, click here.

November 2013 Listening Session: Resounding support for TAEBC

A full representation of Tennessee’s advanced energy sector participated in the November 2013 listening session, held in Knoxville, Tenn. Industries represented include carbon fiber, solar, new nuclear technologies, energy efficiencies, auto industry manufacturers, pollution control, plus engineers, entrepreneurs, and economists.

One common theme emerged: a need to connect and network across the state in the industry. One participant shared a story about research dollars leaving the state because one large company was not aware of the expertise just 50 miles from its headquarters.

There was resounding agreement that TAEBC’s mission to share information about the benefits of our advanced energy sector as a job creation and economic development strategy is a necessary first step to removing barriers for companies to not only grow, but to also open up new market opportunities for Tennessee companies.

All attendees shared feedback that will inform TAEBC’s 2014 priorities. Education will be an important initiative this year: driving education toward the energy sector including energy-specific degrees and certifications offered at universities, community colleges and workforce programs. Additionally, the attendees agreed on a need to connect to a broader region, to put more emphasis on energy as a national/global opportunity/need to make assets stronger in Tennessee.

Finally, attendees agreed that TAEBC can benefit them and their businesses, through education, connections, special events and participation in economic development initiatives.

Tennessee Advanced Energy Asset Inventory Provides Comprehensive Resource

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

Advanced Energy Represents $1 Trillion Global Market

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