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Advanced energy is reshaping Tennessee's economy, but what is it?

By District Energy posted 01-31-2019 15:41

  

Trsih Starkey, Tennessean

Summary

Dolly Parton. Music Row. Memphis barbecue. Tennessee is known around the world for a lot of things, but an emerging industry is putting the state on the map for new economic opportunity: advanced energy. 

The advanced energy industry is ubiquitous, often hiding in plain sight. But when you shine a spotlight on it, the numbers are jaw-dropping. Advanced energy represents a $1.4 trillion global market.

To put that figure in perspective, that’s nearly twice the size of the global airline industry. 

In Tennessee, the advanced energy industry is outpacing even the overall state economy in employment growth.

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