Renewable energy systems producer Enexor Bioenergy is dedicating $5 million toward the opening of a new production plant in Franklin, TN, a release issued Monday by the Tennessee Department of Economic and Community Development(TNECD) said. The firm also plans to hire 50 workers to staff the site.
“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’s founder and chief executive officer, Lee Jestings, in a statement.
Slated to become operational later this year, the firm’s facility in Franklin will it will carry out prototyping, testing, and manufacturing of a renewable energy system. The technology processes organic and biomass waste into electricity and water. Products produced at the site will sold 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,” said Tennessee Gov. Bill Lee in the release.“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.”