Officials with Enexor BioEnergy announced Monday the expansion of the renewable energy company’s Franklin operations, a move expected to represent a $5 million investment and yield approximately 50 jobs over the next two years.
According to a release, Enexor will locate its operations in a 40,000-square-foot facility at 1 Enterprise Court in Williamson County, where it will conduct prototyping, testing and manufacturing.
Founded in 2015, the startup has developed a small-scale, renewable energy system that converts organic and biomass waste into clean electricity as well as hot and chilled water. This combined heating and power system has broad applications for commercial, industrial and institutional use, according to the release.
Enexor anticipates it will begin manufacturing its renewable bioenergy system by year’s end in the facility, which it will lease. The company plans to export its systems to countries in Europe, Africa, Asia and Latin America, the release notes.
“Franklin is the perfect place for us to continue recruiting great people and manufacturing our clean energy product,” Enexor Founder and CEO Lee Jestings (pictured) said in the release. “Enexor is thinking globally, which is another reason why the state of Tennessee is the prime location to grow in.”
The release does not note any incentives the state might be offering Enexor.
Tennessee Department of Economic and Community Development Commissioner Bob Rolfe said since 2015, the state has supported 28 economic development projects in Williamson County, with a collective approximately 4,075 job commitments and $420 million in capital investments.