NEW & ANNOUNCEMENTS

Economic Development News & Announcements

Change happens quickly in our region. Check out the latest news and announcements from TVA Economic Development. For media inquiries, please contact us.

03.12.26 | Newsroom

Create Energy Announces Plans to Expand Operations in Robertson and Sumner Counties, Tennessee

Create Energy, U.S.-based renewable energy company, announced plans to expand operations in Robertson and Sumner Counties, Tennessee. Plans for the project include creating 973 jobs and investing $67 million in a new location announcement in Orlinda and creating 30 jobs and investing $2 million to expand its Portland location. Economic development partners include Cumberland Electric Membership Corporation, Tennessee Department…

02.26.26 | Newsroom

Durable Products to Expand in Cumberland County, Tennessee

Durable Products, a rubber products supplier, announced plans to expand operations in Cumberland County, Tennessee. Plans for the project include creating 134 new jobs and investing $27 million in the company’s Crossville operations. Economic development partners include Volunteer Energy Cooperative, the Crossville-Cumberland Chamber of Commerce, and the Tennessee Department of Economic and Community Development. This…

02.11.26 | Newsroom

Spartan Composites Announces Plans to Establish Operations in Saltillo, Mississippi

Spartan Composites, an advanced composite materials manufacturer, announced plans to establish operations in Saltillo, Mississippi. Plans for the project include creating 45 new jobs and investing $49 million in the company’s Lee County location. Economic development partners include Mississippi Development Authority, Tombigbee Electric Power Association, and the Community Development Foundation. This project furthers TVA’s mission…

01.16.26 | Newsroom

Laser Isotope Separation Technologies (LIS) to Expand Operations in Oak Ridge, Tennessee

Laser Isotope Separation Technologies (LIS), a U.S. laser enrichment technology developer, announced plans to expand operations in Oak Ridge, Tennessee. Plans for the project include creating 203 new jobs and investing $1.3 billion, becoming the first U.S. origin commercial laser uranium enrichment plant in the world, supporting U.S. utilities, next-generation reactor developers, and national defense…

News Index

Virginia Transformer announces plans to establish operations in Muscle Shoals, Alabama.

Virginia Transformer, North America’s largest power transformer manufacturer, announced plans to establish operations in Muscle Shoals, Alabama. Plans for the project include creating 1,100 new jobs at the company’s state-of-the-art operations in Colbert County. Economic development partners include Muscle Shoals Electric Board, Shoals EDA, Alabama Department of Commerce, Norfolk Southern, City of Muscle Shoals, Colbert County and...

Underground Solutions, Inc. announces plans to establish operations in Batesville, Mississippi.

Underground Solutions, Inc., an infrastructure technology company, announced plans to establish operations in Batesville, Mississippi. The company plans to invest $80 million in the manufacturing facility and create 50 new jobs. Economic development partners include Tallahatchie Valley Electric Power Association, Panola Partnership, Mississippi Development Authority and TVA. This project furthers TVA’s mission of service to help improve the...

Light Electric Vehicles announces plans to establish operations in Algood, Tennessee.

Light Electric Vehicles (LEV), an electric bicycle manufacturer, announced plans to establish operations in Algood, Tennessee. Plans for the project include creating 288 new jobs and investing $7 million in the company’s Putnam County production and distribution facility. Economic development partners include Upper Cumberland Electric Membership Corporation, the Tennessee Department of Economic and Community Development, Highlands Economic Partnership, Putnam County...