Enexor BioEnergy to invest US$5 million in Franklin facility expansion
In the United States (US), Tennessee Governor Bill Lee, Tennessee Department of Economic and Community Development Commissioner Bob Rolfe and officials from Enexor BioEnergy LLC officials announced on July 8, 2019, that the renewable energy company will expand its operations in Franklin, Tennessee and move into a new manufacturing facility. Enexor will invest US$5 million and create approximately 50 jobs in Williamson County over the next two years.
Founded in 2015, the Franklin-based startup has developed a small-scale, renewable energy system that converts organic and biomass waste into clean electricity as well as hot and chilled water. This combined heating and power (CHP) system has broad applications for commercial, industrial and institutional use. Enexor will invest US$5 million and create approximately 50 jobs in Williamson County over the next two years.
I’d like to thank Enexor for its continued investment in Franklin. TNECD and Launch Tennessee are proud to support the growth of homegrown startup companies such as Enexor. This expansion will bring dozens of quality job opportunities in the clean energy sector, and I look forward to a long-lasting partnership with Enexor, said TNECD Commissioner Bob Rolfe.
Since 2015, TNECD has supported 28 economic development projects in Williamson County, totaling approximately 4 075 job commitments and US$420 million in capital investments. Enexor anticipates it will begin manufacturing its renewable bioenergy system in late 2019 and for that purpose, Enexor will locate its operations in a new 40,000-square-foot facility in Franklin, where it will conduct prototyping, testing, and manufacturing.
Enexor is very excited to move into our new 40,000-square-foot manufacturing facility. Franklin is the perfect place for us to continue recruiting great people and manufacturing our clean energy product. Enexor is thinking globally, which is another reason why the state of Tennessee is the prime location to grow in, said Enexor Founder and CEO Lee Jestings.
The company plans to export its systems to countries in Europe, Africa, Asia, and Latin America.
Enexor’s expansion in Franklin is yet another sign that Tennessee is a fantastic place to start and grow a business. I’m committed to making Tennessee the best place in the country for entrepreneurs, and the success of innovative companies like Enexor will continue to strengthen and diversify our state’s economy, said Tennesse Governor Bill Lee.