Companies with aggressive sustainability targets expand facilities in Tennessee

The Tennessee Department of Economic and Community Development (TNECD) is staying busy as more companies choose to expand into the Volunteer State with a focus on incorporating more advanced energy technologies into their facilities.

Within the month of June, both Gap Inc. and Stanley Black & Decker have announced to upgrade their existing facilities in Tennessee.

Gap Inc. representatives revealed the company would be investing $41.7 million in its Gallatin distribution campus. The new capital investment would go towards technology upgrades as Gap Inc. expands its online fulfillment capabilities.

This would create more than 500 jobs at the center in Sumner County, further strengthening economic development within the community.

Gap Inc. has set ambitious goals to foster cleaner global business by revealing back in January 2016 it would reduce its carbon footprint by 50 percent from 2015 levels by the end of 2020. That announcement came after the company had already surpassed its previous goal of reducing emissions from 2008 levels by 20 percent by the end of 2015 across its U.S. operations.

To further enforce these goals, the clothing retailer released a statement following the current administration’s decision to withdraw from the Paris Agreement.

“Gap Inc. remains committed to doing our part to act on climate. We will continue to work with like-minded businesses, NGOs and other stakeholders to support solutions that will create a more sustainable and economically strong future for the people and communities touched by our business around the world. It’s not only the right thing for the planet, but also the right path forward for business growth, job creation and human health.”

Stanley Black & Decker announced earlier this month the company would upgrade its existing facility in Jackson, Tennessee by investing $29 million into the location.

The industrial tool manufacturer will relocate new lines of production and product development to its facility in Madison County, creating approximately 255 new jobs.

Stanley Black & Decker has set sustainability standards of its own, by committing to reduce energy consumption within its facilities by 20% as well as reduce its carbon emissions by 20% by 2020 compared to 2015 levels.

Also for the sixth consecutive year, the company has been named to the Dow Jones Sustainability Index for North America. This list is recognized as a benchmark for investors.

Energy Mentor Network Spotlight: Mark Patterson

The Tennessee Advanced Energy Business Council is continuing its series of feature stories highlighting the mentors behind the Energy Mentor Network program offering industry specific expertise.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

TAEBC is highlighting this week Mark Patterson of Patterson Intellectual Property Law. Mark has 35 years of experience counseling clients in the protection, management, and enforcement of intellectual property rights, including patent and trademark prosecution and licensing. As a former electronics design engineer, Mark works regularly with complex electronic, computer, and electro-mechanical technologies.

He manages patent and trademark portfolios for clients with significant domestic and global operations. Mark began his legal career as a litigator and for 30 years tried numerous cases and argued appeals in both state and federal courts. He was an adjunct professor at Vanderbilt Law School and has provided expert witness services in a variety of intellectual property disputes.  He applies all of this experience in providing cost-effective, strategic IP advice to businesses throughout the U.S.

TAEBC is continuing to accept mentors for the Energy Mentor Program. If you are interested in this opportunity, please visit the “For Mentors” section of the Energy Mentor Network portion of TAEBC’s website.

36|86 provides experience, exposure to EMN company Solar Site Design

Solar Site Design, an Energy Mentor Network (EMN) company, took the stage to pitch at 36|86 Entrepreneurship and Technology Conference in front of more than a thousand attendees. The company is based in Nashville, Tennessee.

Solar Site Design is a collaborative, cloud-based marketplace platform that connects sales-ready solar projects to leading solar companies to drive down customer acquisition costs.

The company was one of 36 companies that competed for the $50,000 FedEx Innovation prize, and while Solar Site Design didn’t end up walking away with the big check, they did succeed in several other ways.

“Solar Site Design was the only cleantech company presenting at 36|86, and it was an honor to represent the solar industry,” said Jason Loyet, Founder.

Previous Story: Energy Mentor Network company Solar Site Design to compete at 36|86 in Nashville

The Energy Mentor Network’s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors.

Solar Site Design has been meeting with its mentoring team frequently leading up to 36|86 getting strategic business, marketing and financial guidance by participating in a series of panels and discussions to better prepare them to raise capital and gain traction.

The company’s mentoring team includes Entrepreneur-in-Residence Harvey Abouelata, President of ARiES Solar, Domain Experts Coleman Adams, Managing Director of Crescendo Power, and John Hopkins, a Consultant and Business Mentor.

“Our mentors have been instrumental in advising and discussing our value proposition in the solar industry,” said Loyet.

He went on to say the Energy Mentor Network has better helped Solar Site Design broaden its message to include investors, stakeholders, and more customers.

“We’ve been working closely with ARiES Solar, not just as a mentor, but also as an active, participating member in our commercial marketplace,” said Loyet. “It’s incredible to have customers work with us.”

Solar Site Design will be making an announcement at the Intersolar Conference in San Francisco on July 10 involving a global Fortune 500 company.

“It’ll catapult us into the next step of the cleantech industry,” said Loyet.

Energy Mentor Network Company: Stone Mountain Technologies

The Tennessee Advanced Energy Business Council is featuring the companies benefiting from the Energy Mentor Network program, which offers industry specific expertise from experienced mentors.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

TAEBC is featuring EMN company Stone Mountain Technologies. SMTI is a leading developer of cost effective, next generation heating technologies using sorption heat pump cycles. The company’s “thermal compressor” products enable a major leap forward in the way homes, businesses and water are heated, reducing energy costs, improving comfort, and lowering CO2 emissions.

TAEBC is currently accepting applications from Tennessee advanced energy companies to apply for the Energy Mentor Network program. If you are interested in this opportunity, please visit the “For Startups” section of the Energy Mentor Network portion of TAEBC’s website.

Energy Mentor Network Spotlight: Jim Phillips

The Tennessee Advanced Energy Business Council is continuing its series of feature stories highlighting the mentors behind the Energy Mentor Network program offering industry specific expertise.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

TAEBC is highlighting this week Jim Phillips. He serves as the CEO of XMI. Jim has supported entrepreneurial companies over a 26 year career. Today, XMI provides a comprehensive platform of infrastructure and the back office serves to over 140 businesses and organizations designed to ensure each leadership team can focus on revenue development and its competitive advantages.

TAEBC is continuing to accept mentors for the Energy Mentor Program. If you are interested in this opportunity, please visit the “For Mentors” section of the Energy Mentor Network portion of TAEBC’s website.