TAEBC’s latest e-newsletter is now available online! Read the e-news here.
With a new year well underway, it’s time for the Tennessee Advanced Energy Business Council (TAEBC) to take inventory of 2015’s successes while charting a course for 2016.
TAEBC has grown to become a leading voice for our advanced energy economy, championing both the state and national opportunities to capture our more than fair share of the $1.3 trillion global advanced energy market.
From hosting Assistant Secretary David Danielson and Deputy Assistant Secretary Reuben Sarkar to an invitation to the White House and releasing the state’s first Tennessee Advanced Energy Economic Impact Report, 2015 proved to be a year in which the TAEBC voice was heard clearly on a state, regional and national level.
In anticipation of our annual membership meeting in Nashville, TAEBC shares our top 10 accomplishments from 2015.
TAEBC Top 10 Year in Review
- Tennessee Advanced Energy Economic Impact Report, the first document of its kind that defines the scope and scale of the state’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.
- U.S. Department of Energy Assistant Secretary David Danielson Listening Session in Chattanooga, creating an opportunity for members to provide input on how DOE can continue to impact our economy.
- White House Forum on Connecting Regional Innovation Ecosystems to Federal and National Labs, attended by TAEBC President Tom Ballard with the purpose to ensure that federal labs continue to do more for regional economies.
- Tennessee Valley Authority’s Integrated Resource Plan (IRP), which looks at how TVA will meet energy needs over the next 20 years. A group of our members formed a small sub-committee and worked together to draft and submit comments relevant to our mission— advanced energy as an economic development strategy.
- TVA’s newly formed stakeholder group, “Distributed Generation – Information Exchange.” TAEBC was selected to serve on this stakeholder group, sharing industry expertise to inform TVA’s distributed generation policies.
- American Energy and Manufacturing Competitiveness Summit & Annual visit to Washington D.C. TAEBC delegates met with representatives from the U.S. Department of Energy and Senator Lamar Alexander and Congressman Chuck Fleischmann.
- “Opportunities in Energy” with U.S. Department of Energy Deputy Assistant Secretary for Transportation Reuben Sarkar, featuring panel discussions on advancements in the automotive industry, advanced energy job growth, and power generation.
- DOE Director of the Office of Economic Impact and Diversity at Oak Ridge National Laboratory and minority business owners. TAEBC presented to this group, showcasing how advanced energy can be used as an economic development tool.
- Clean Energy Manufacturing Initiative’s (CEMI) Southeast Regional Summit, hosted by DOE. TAEBC spoke to manufacturers, innovators, and federal and regional resources about our unique approach to advanced energy as an economic development strategy.
- Welcome new members: Schneider Electric, Tennessee Department of Environment and Conservation, Windrow Phillips Group, Dr. Bill Carswell, Hitachi, One Scientific, Trane, Shoals Technologies Group, Bradley Arant Boult Cummings, LLP, Cherokee Farm, Dadeni Solar, LLC, Alstom (Charter Member), Nazzy Hashemian, and Balfour Beatty Investments.
Without a strong membership, TAEBC could not be the successful organization it is today. An organization with a powerful mission of fostering the growth of Tennessee’s advanced energy technologies, companies and jobs, helping the state gain its fair share of the global $1.3 trillion advanced energy market.
Save the date for the next membership opportunity, Wednesday, February 10th in Nashville, and help plan for a successful 2016.
Members of the Tennessee Advanced Energy Business Council enjoyed a productive visit to Washington D.C. this week. Delegates attended the American Energy and Manufacturing Competitiveness Summit, where Tennessee took center stage. Assistant Secretary Danielson announced two efforts— a national laboratory-industry collaboration pilot and a competitive solicitation to leverage national labs’ high-performance computing capabilities—to strengthen U.S. clean energy manufacturing competitiveness. TAEBC Charter member Oak Ridge National Lab is involved in both announcements.
TAEBC also met with representatives from the Appalachian Regional Commission and the Department of Energy. Finally, we stopped by Senator Alexander and Congressman Fleischmann’s office to brief them on the Tennessee Advanced Energy Economic Impact Report. More information about our trip coming soon!
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
“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.”
Tennessee’s advanced energy sector is a rapidly expanding and lucrative growth sector in Tennessee and a source of high-quality jobs, according to a new report released today, Wednesday, June 17, 2015 by the Tennessee Advanced Energy Business Council (TAEBC) and the Howard H. Baker Jr. Center for Public Policy.
The Tennessee Advanced Energy Economic Impact Report is the first document of its kind that defines the scope and scale of Tennessee’s advanced energy sector and quantifies its economic impact. It identifies the number of jobs, contribution to state GDP and state/local taxes and number of companies associated with the state’s advanced energy sector.
Key findings from the report include:
- Advanced energy is a rapidly expanding and lucrative growth sector in Tennessee. Nearly 325,000 jobs are supported by 17,334 firms in the state’s advanced energy sector in 2013.
- Advanced energy requires skilled labor and thus is a source of high quality jobs in Tennessee.
The annual average wage of a worker in advanced energy was $48,764, which is well above the state average.
- Tennessee manufacturers benefit from a robust advanced energy sector.
Especially Tennessee’s automotive manufacturers that are integrating advanced energy technologies into their processes and products as a result of higher fuel economy standards.
- Advanced energy contributes significantly to our state and local economies.
Tennessee’s advanced energy sector contributes $33.4 billion to state gross domestic product, while workers in the advanced energy sector pay more than $820 million in sales tax to state and local governments.
- Advanced energy represents an opportunity to promote rural economic development.
Currently, almost 80 percent of advanced energy activity is centered in just 20 counties in Tennessee. Davidson County leads Tennessee’s advanced energy economy.
Rural Tennessee could benefit from further growth in advanced energy activity.
- Tennessee is not the only state vying for a piece of the advanced energy economy. Highlighting our assets and opportunities will provide Tennessee with a competitive edge in the recruitment and retention of the advanced energy sector.
Approximately 11 states including Arkansas, North Carolina, South Carolina and Florida are benchmarking and tracking their advanced energy economies.
“Advanced energy” is defined as any technology that makes energy cleaner, safer, more secure and more efficient. Rather than favoring specific technologies, advanced energy is technology neutral. Examples include electric and plug-in hybrid cars, lightweight composites for the automotive industry, natural gas fueled trucks, pollution control equipment, bio energy, high-performance buildings, more efficient industrial processes, power reliability, smart grids, combined heat and power and the latest power generation technologies.
Read the news release here.
The report is available online here.