TAEBC Hosts Panel Discussion with Nationally Recognized Energy Innovators

Some of the nation’s most powerful thought leaders in energy innovation convened in Chattanooga late last month, including the Tennessee Advanced Energy Business Council. More than 150 attendees from universities, industry and federal agencies participated in the Southeast Regional Energy Innovation Workshop.

The forum, designed to advance clean energy technology innovation in the region, was hosted by the University of Tennessee and Oak Ridge National Laboratory (ORNL) and provided an opportunity to explore ways universities, industries and national labs and other federal agencies can drive rapid innovation of technologies for use in the marketplace.

Screen Shot 2016-06-15 at 9.43.45 PMTAEBC hosted a panel discussion titled Clean Energy Innovations, moderated by TAEBC’s Cortney Piper. Other panelists included Tom King; ORNL; David Wade, COO, EPB; and Platt Boyd, CEO Branch Technology.

The panel addressed such topics as how working with a national lab and regional universities can help solve problems by focusing on a key problem.

Panelists offered the top three best practices to engage with national lab and research universities including:

• Collaborating on a specific problem (for example, grid modernization and 3-D car printing);
• Collaborating on a big problem (organizations need to think on a large scale, engaging and using the appropriate resources);
• Agreeing on a clear objective and clear vision (all parties must agree on the overall goal and outcomes).

Other topics covered during the panel included the existing and potential economic impact on the region from clean energy innovations and the most pressing clean energy question for the Southeast.

Panelists agreed that resources, affordability and reliability remain the most pressing concerns for clean energy development. Participants referenced TAEBC’s Economic Impact Report, reinforcing the fact that Tennessee is well-positioned to become a national and international leader in the $1.3 trillion global advanced energy marketplace.

Overall, the panel concluded that in order for clean energy innovation to continue to expand throughout the region, impact must be demonstrated and investment must be made on full scale deployments to show the impact of new innovations.

In addition to workshops, ORNL announced during the forum that the national lab would be expanding to the Chattanooga area by opening a Downtown office. ORNL Director Thom Mason said that ORNL will continue to partner with EPB, a municipally-owned utility, on researching the performance, security, and efficiency of Chattanooga’s electrical system. This research can be applied to make power systems nationwide cleaner, safer and more efficient.

The Southeast Energy Innovation Workshop further supports TAEBC’s mission of championing advanced energy development in the region, recognizing that the area is uniquely situated with its focus on advanced manufacturing for automotive, aerospace and wind; carbon fiber manufacturing; nuclear energy technology development; grid technology enhancements; microgrids, photovoltaics; materials by design; and energy storage.

TAEBC appreciated the opportunity to lead a discussion during the forum and will continue to participate in similar workshops that support the mission of supporting advanced energy development as an economic driver in the region.

To view photos from the event, click here.

A Booming Advanced Energy Economy, 8.1 Million Jobs and Counting

 As the Tennessee Advanced Energy Business Council’s Economic Impact Report foretold in 2015, the advanced energy sector has but one direction to move in and that’s up.

A recent report released by the International Renewable Energy Agency – the Renewable Energy and Jobs Annual Review 2016 – shows that more than 8.1 million people worldwide are working in the global renewable energy industry. Renewables are one part of the advanced energy sector, but a growing sector at that.

Screen Shot 2016-06-07 at 11.20.27 PMAnd, in the U.S., for the first time jobs in solar energy overtook those in oil and natural gas extraction, helping drive a global surge in employment in the clean-energy business as fossil fuel companies began experiencing shaky ground.

U.S. solar business grew 12 times faster than overall job creation. Solar jobs are bolstered by state initiatives to spur clean energy development, leading to employers adding workers at record rates to install rooftop panels. In contrast, oil and gas producers have slashed 351,410 jobs worldwide since prices began to slide in the middle of 2014.

Globally, the workforce in clean energy is expected to grow to 24 million by 2030, if targets on climate change and development are met.

What does this translate to locally in Tennessee and the Southeast?

Tennessee, rich in advanced energy resources, is poised to continue rapidly expanding upon the nearly 325,00 advanced energy jobs, supported by more than 17,000 firms within the state.

As TAEBC Charter members and research assets, Oak Ridge National Laboratory and the University of Tennessee, along with private sector innovators continue to research, develop and produce new ways to meet energy demands, Tennessee will undoubtedly lead the new energy economy.

The TAEBC Economic Impact Report showed that advanced energy requires skilled workers, serving as a primary source for high quality jobs. Manufacturers benefit from a robust advanced energy sector while advanced energy contributes significantly to state and local economies.

Tennessee is well-positioned to keep pace with the international trend, serving as a key contributor to a booming global advanced energy economy.

Source: Bloomberg CleanTechnica

TN Advanced Energy Economic Impact Report: Snapshot of media coverage

On June 17, the Tennessee Advanced Energy Business Council released the Tennessee Advanced Energy Economic Impact Report, the first document of its kind that defines the scope and scale of Tennessee’s advanced energy sector and quantifies its economic impact.

The report received statewide media coverage and recognition of advanced energy as an economic driver for Tennessee and a source of high quality jobs. It was distributed to more than 200 local, state and national economic development stakeholders.

Here’s a snapshot of the media coverage from the report release, with links to the full stories. Enjoy!

Tennessee could be a major player in $200B advanced energy economy (Knoxville News Sentinel)
“Tennessee is poised to take a significant chunk of the nation’s $200 billion advanced energy sector according to a new report from the Tennessee Advanced Energy Business Council. The state’s advanced energy sector employs nearly 325,000 individuals…and the jobs pay well above the state average.”

Advanced energy industry grows in Tennessee (Chattanooga Times Free Press)
“Much of the growth in Tennessee is being driven by the automotive industry, which is working to reach a fleet average mileage standard of 54.5 miles per gallon by 2025.”

Report: Tennessee leader in ‘advanced energy’ (The Tennessean)
“’We see advanced energy as an economic driver, especially in rural areas,’ said Steve Bares, president and executive director of Memphis Bioworks Foundation.”

New report tracks Tennessee’s economic impact in ‘advanced energy’ sector (Kingsport Times-News)
“Advanced energy provides a home for Tennessee’s emerging workforce as the state attempts to get 55 percent of Tennesseans equipped with a college degree or certificate by 2025.”

Study: Advanced energy business contributes $33.4 billion to state GDP (Memphis Business Journal)
“Schneider Electric’s Jim Plourde said compiling the information was important for increasing visibility, highlighting Tennessee as a leader in the field, showcasing opportunities to an emerging workforce and driving the economy.”

Budding advanced energy sector grows in Tennessee (Nooga.com)
“The [advanced energy] industry provides opportunities for entrepreneurs. A developing sector means ripe opportunities for new ideas and businesses.”

TAEBC releases first-ever look at state’s advanced energy sector (Teknovation.biz)
“Advanced energy is a lucrative growth sector and a source of high quality jobs in the Volunteer State, according to a new report from the Tennessee Advanced Energy Business Council (TAEBC).”

Schneider Electric among state leaders in advanced energy sector (Daily News Journal)
“’National studies show rapid growth that outpaces the rest of the economy,’ said Matt Murray, with the Howard Baker Jr. Center for Public Policy, which produced the report. He added it also found employment growth in the sector was more robust than any other sector from 2012 to 2013.”

Save the date for TAEBC’s annual meeting on February 17, 2015

Save the date for TAEBC’S annual meeting on Tuesday, Feb. 17 in downtown Nashville. Join us to discuss 2015 priorities and projects, including the first ever Tennessee Advanced Energy Economic Impact Report. This is our annual forum for members to provide feedback on our projects/priorities that foster the growth of Tennessee’s advanced energy jobs, companies and technologies. The annual meeting will conclude with a member/stakeholder happy hour.

Stay tuned for more info and click here to check back often for event updates.