BWXT will be the third company to receive funding from Tennessee’s Nuclear Energy Fund
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter announced today a grant for BWXT Enrichment Operations, LLC, a subsidiary of BWX Technologies, Inc., to support establishing a facility for the manufacturing of centrifuge assemblies in Oak Ridge, Tennessee, near Oak Ridge National Laboratory (ORNL).
As part of the project, BWXT plans to create at least 60 new jobs and invest at least $45 million in a new facility. Additionally, the company announced today the purchase of 96.53 acres in Oak Ridge, Tennessee, where this facility will be located. That site is part of BWXT’s long-term plans to support fuel production for the National Nuclear Security Administration’s (NNSA) defense program mission.
BWXT employs more than 1,140 people in Tennessee, principally at two locations: Nuclear Fuel Services in Erwin and its recently acquired Jonesborough facility.
Today’s announcement also represents the third grant awarded from the state’s Nuclear Energy Fund, which assists nuclear power-related businesses choosing to relocate or grow in the Volunteer State and supports the state’s educational and research institutions in further developing their nuclear education programs.
The $50 million fund was in Gov. Lee’s recommended 2023-2024 budget and approved by the Tennessee General Assembly. Another $10 million was allocated and approved in the state’s budget during the 2024 legislative session with an additional $10 million recommended in the 2025 budget currently in review.
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“We created the Nuclear Energy Fund to foster an ecosystem for this industry to grow and thrive, and I am proud to announce another investment supporting Tennessee’s strategy to lead America’s energy independence with clean and reliable nuclear energy. We are proud to partner with BWXT to drive continued economic growth and create greater opportunity for Tennesseans.” – Gov. Bill Lee
“With Oak Ridge’s integral role in WWII with the Manhattan Project and forward-thinking leadership from Gov. Lee and our General Assembly members in creating the Nuclear Energy Fund, Tennessee is primed to become an epicenter for nuclear industry. We’re grateful to partner with the Y-12 National Security Complex, ORNL and our other educational institutions across the state in providing the resources to enhance science, technology and training to support companies like BWXT. Congratulations to our partners and BWXT in bringing this project to fruition.” – TNECD Commissioner Stuart C. McWhorter
“The Oak Ridge community is a hub of innovation and nuclear expertise ready to support the NNSA’s national security mission. The deployment of the domestically manufactured DUECE centrifuge resets our nation on the path to energy independence.” – Kevin McCoy, president of government operations, BWXT
“BWXT has been a stalwart supporter of the federal agencies that make our nation’s defense successful. We are excited to have them invest in Oak Ridge and continue to serve our federal partners.” – Oak Ridge Mayor Warren L. Gooch
“Roane County is thankful for and excited about BWXT’s investment in Oak Ridge. Our region is the most nuclear friendly in the nation, and BWXT’s announcement further strengthens our efforts to power America’s nuclear renaissance.” – Roane County Executive Wade Creswell
“Creating job opportunities and bringing investment to the region is fundamental to TVA’s mission of service. We are proud to partner with the City of Oak Ridge Electric Department, Oak Ridge Industrial Development Board, Oak Ridge Corridor Development Agency, City of Oak Ridge, Roane County, Anderson County, East Tennessee Development Agency and the Tennessee Department of Economic and Community Development to further that mission and welcome BWXT to the region. We wish them success and look forward to working together to serve the Tennessee Valley.” – Don Moul, president and chief executive officer, TVA
“Nuclear energy plays a pivotal role in economy of our region and state. As the nation’s leading supplier of nuclear components and fuel to the U.S. government, BWXT is at the forefront of this industry. This additional investment will generate numerous good paying jobs and further solidify Tennessee’s position as a leader in nuclear innovation.” – Sen. Ken Yager (R-Kingston)
“I am happy to learn that BWXT is further investing in East Tennessee and bringing 60 good jobs. As a former BWXT employee, I know the company has earned its solid reputation as a leader in the nuclear manufacturing industry. It is this expertise that equips our Oak Ridge advantage.” – Rep. Monty Fritts (R-Kingston)
About the Tennessee Department of Economic and Community Development (TNECD)
TNECD is the state’s primary agency committed to fostering economic growth through job creation and community development. By attracting new corporate investment and facilitating the growth of existing businesses, the department works to strengthen Tennessee’s competitive landscape. Additionally, TNECD strives to increase the economic prosperity for all Tennesseans by providing grants to communities statewide, helping them to become vibrant, business-friendly environments where companies can flourish. For more information, visit us at tnecd.com. Join the conversation on Twitter, Instagram, LinkedIn, Facebook and YouTube.
TNECD Media Contact
Chris O’Brien
Public Information Officer
(615) 934-5879
[email protected]
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