The advanced energy sector is becoming a cornerstone of Tennessee’s economy, driving innovation, job creation, and economic growth. In 2022, the industry contributed over $56 billion to the state’s GDP and employed more than 420,000 Tennesseans—representing nearly 15% of all jobs in the state. Advanced energy encompasses technologies that make energy cleaner, safer, and more efficient, such as renewable power, electric vehicles, nuclear energy, advanced manufacturing, and pollution control systems.

A recent report from the Tennessee Advanced Energy Business Council (TAEBC) showcased the sector’s growth trajectory. With an average annual salary of $74,000—31% higher than the state average—the industry also boasts faster growth rates than Tennessee’s overall economy. Employment in advanced energy has risen by 6.8% since 2019, while business establishments have expanded by 10.9%.

East Tennessee is at the forefront of this growth. In Oak Ridge, projects like a uranium enrichment facility and advanced centrifuge manufacturing are set to create hundreds of jobs. Knoxville, TN is pushing boundaries with fusion energy research at the former Bull Run Fossil Plant, the expansion of solar power in Maryville, and nuclear education programs at L&N STEM Academy. The region is also home to the Spark CleanTech Accelerator, which nurtures startups focused on sustainability.

Key participants in the accelerator include:

• Aluminairy: Innovates recyclable aluminum-air batteries for EVs.
• Cassette Construction: Develops modular building solutions.
• Circular Biosciences: Creates sustainable bioproducts to minimize waste.
• American Advanced Membrane Technology: Designs cutting-edge filtration systems.
• Fibarcode: Enhances agricultural productivity with barcode systems.
• Aligned Composites Technology: Manufactures aerospace composites.
• AtomQ: Develops quantum computing for energy efficiency.
• Coulomb Technology: Focuses on advanced EV charging systems.
• Iontech Energy Solutions: Delivers innovative hydrogen storage solutions.
• Algaeo: Specializes in microalgae biofertilizers for sustainable agriculture.
• Z18 Engineering: Innovates in advanced mechanical systems.
• 3D Solar Paradigm Shifters: Redefines solar panel technology.
• Witching Hour: Focuses on clean energy for creative industries.

These startups are contributing to Tennessee’s reputation as a Southeastern leader in energy innovation.

Summary:

The advanced energy sector in Tennessee is fueling economic, social, and infrastructural growth. Backed by world-class research institutions, forward-thinking startups, and a supportive policy environment, the state is positioned to lead the Southeast in clean energy innovation, creating high-quality jobs and sustainable solutions for generations to come.

With the growth of these companies, we will soon see a new hub for ClimateTech and sustainable technologies blossom within the Knoxville, TN and East Tennessee region.

If you’d like updates on articles like this, sign up for Geopoly’s alerts and stay informed about transformative advancements shaping our region.