Statement from the Tennessee Advanced Energy Business Council

Media Contact: Cortney Piper, cpiper@tnadvancedenergy.com, 865-789-2669

KNOXVILLE, Tenn. (August 10, 2021) – The Tennessee Advanced Energy Business Council (TAEBC) issued the following statement after the U.S. Senate’s vote on the bipartisan infrastructure legislation:

“This bipartisan bill funds critical investments in advanced energy infrastructure, including grid modernization and resilience, hydrogen, advanced nuclear, solar, electric vehicle infrastructure, and more. It has the potential to reinforce Tennessee’s position as a national leader in the advanced energy economy,” said Cortney Piper, executive director of the Tennessee Advanced Energy Business Council. “In a way, it provides validation of the investments that countless Tennessee organizations have already made in advanced energy and positions Tennessee better than most states to capitalize on numerous provisions of the bipartisan infrastructure bill.”

According to a TAEBC report released last week, the Advanced Energy (AE) sector in Tennessee is outpacing the overall state economy, employing nearly 394,000 Tennesseans in more than 20,300 businesses that contribute almost $46 billion to the state’s GDP.

In addition to statewide data, the 2021 report analyzed Tennessee’s advanced energy sector by metro area, including regional information on advanced energy in Nashville, Memphis, Knoxville/Oak Ridge, Chattanooga, Tri-Cities, Clarksville, Morristown, Jackson, and Cleveland. It further tracks Tennessee’s advanced energy economy down to county-specific data. The analysis is based on NAICS code and Census Bureau data from 2019 (i.e. pre-pandemic), the most recent year for which this information is available.

About the Tennessee Advanced Energy Business Council

The Tennessee Advanced Energy Business Council champions advanced energy as a job creation and economic development strategy. It educates public officials and business leaders about the value and job creation potential of Tennessee’s advanced energy economy, establishes strategic partnerships to connect assets with opportunities, and informs policy that expands and strengthens the industry. For more information, visit www.tnadvancedenergy.com/

To view a list of TAEBC members, visit www.tnadvancedenergy.com/members/