LIS Technologies Has Major Plans in Right to Work Tennessee
LIS Technologies is investing $1.38 billion in order to establish operations in Right to Work Oak Ridge, Tennessee. As a result, the nuclear tech company will create 203 new jobs for people in the area.
From Area Development Magazine:
“This investment represents more than the construction of a single facility. It reflects a commitment to restoring a critical domestic capability, advancing peaceful nuclear technologies and strengthening the U.S.’ competitiveness in an evolving global energy landscape. As global demand for nuclear fuel grows and existing supply tightens, the opportunity – and responsibility – to act is clear. This project is a meaningful step toward reestablishing U.S. enrichment capacity and rebuilding the nuclear fuel cycle.” […]
“This investment reflects the continued momentum of Tennessee’s nuclear sector and builds on a strong year for nuclear energy in our state. LIS Technologies’ nearly $1.4 billion investment is a major win for Tennessee, and we believe Oak Ridge is uniquely positioned to support this project’s success. I am grateful to the leadership of LIS Technologies and to our partners in Oak Ridge for helping bring today’s announcement to fruition.” […]
“TVA is proud to support LIS Technologies as it establishes its commercial operations in Oak Ridge. This investment not only reinforces the region’s leadership in nuclear innovation but also creates more than 200 jobs that strengthen our local economy. As the nation’s largest public power provider, TVA is committed to fostering partnerships that advance clean energy solutions and ensure a reliable, affordable power supply for the communities we serve. LIS Technologies’ work aligns with our mission to drive innovation and energy security across the Tennessee Valley.”
To read the previous economic update on Right to Work states, click here.