More than seventy years later, Tennessee is still a hub for new technologies and energy. We value our state’s deep roots in these sectors, and we’re committed to supporting and growing this industry.
A $6.5 billion investment from Y-12 National Security Complex is underway in the eastern portion of our state at the Uranium Processing Facility (UPF). This facility will introduce a new process and a new phase of manufacturing to the energy technology sector. This investment represents the largest construction project by the federal government in Tennessee since World War II.
In addition, Oak Ridge National Laboratory is the largest U.S. Department of Energy Science and Engineering Lab. With a staff of 4,400 that includes more than 3,000 scientists and engineers, ORNL houses several of the world’s top supercomputers. It is a major center of research in areas that include neutron science, nuclear science, clean energy and advanced materials. ORNL’s economic impact totals more than $274 million in annual wages.
Tennessee is also home to major technology companies, including Alstom Power, Mitsubishi Electric Power Products, SIAG Aerisyn, Teledyne Technologies and Thomas and Betts Corp.
Our state offers a level of comfort for investors, which is only attainable by partnering with sister agencies such as the Tennessee Department of Environment and Conservation and the Tennessee Department of Labor & Workforce Development. Add this to our favorable business climate, central location and unrivaled location, and you’ll find a recipe for success for all energy technologies.
Currently, 24,100 Tennesseans are employed at 309 establishments across the state involved in the energy technology sector. Tennessee has experienced an employment increase of 6.4 percent over five years earlier.
Employment in the Semiconductor and Electronic Component Manufacturing Sector is above 1,700 statewide. Tennessee’s employment increase of 36 percent in this sector over the last three years represents the largest increase in the nation.
During Governor Haslam’s administration, more than 30 projects and 2,100 jobs have been announced in the energy technology sector. These projects have created more than 2,100 new jobs, with investment of $433 million. (2011-2015)
Oak Ridge National Laboratory’s (ORNL) economic impact totals more than $274 million in annual wages.