STATE
Clean Energy Deals in Tennessee
Every tracked clean energy deal in Tennessee since 2023 — 7 transactions, 6.9 GW of capacity, $12.76B of disclosed value. Includes M&A, project finance, PPAs, and tax credit transfers. Updated weekly.
7
Tracked Deals
6.9 GW
Total Capacity
$12.76B
Disclosed Value
2024–2026
Period
Top Deals
By disclosed value| Date | Asset / Counterparties | Size | Value |
|---|---|---|---|
| Dec 16, 2024 | BlueOval SK EV battery manufacturing — 120+ GWh/yr batter… BlueOval SK (Ford + SK On JV) → U.S. Department of Energy (ATVM Program) | — | $9.63B |
| Jan 16, 2025 | Up to 6 green hydrogen production and liquefaction facili… Plug Power → U.S. Department of Energy (DOE Loan Programs Office) | — | $1.66B |
| Jan 27, 2025 | 590 MW solar portfolio: Cadence Solar (240 MW, OH), Trade… Invenergy → Natixis CIB, CIBC, Nomura, Rabobank, Wells Fargo | 590 MW | $1.1B |
| Apr 21, 2026 | Bobwhite Energy Storage — 225 MW / 900 MWh standalone BES… Tenaska (Bobwhite Energy Storage affiliate) → TVA | 225 MW | $300,000,000 |
| Mar 17, 2026 | Ultium Cells Spring Hill LFP Retool — $70M retooling of T… Ultium Cells LLC (GM + LG Energy Solution JV) | — | $70M |
| Sep 3, 2025 | Six future ENTRA1 SMR plants — 6 GW total (~72 NuScale 77… ENTRA1 Energy (NuScale technology) → TVA | 6.0 GW | — |
| Aug 19, 2025 | Hermes 2 advanced nuclear reactor — 50 MW at Oak Ridge, T… Kairos Power → Google (via TVA) | 50 MW | — |
Most Active Firms
Top Buyers / Financiers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Natixis CIB, CIBC, Nomura, Rabobank, Wells Fargo | 1 | $1.10B |
| 2 | Google (via TVA) | 1 | — |
| 3 | TVA | 1 | $300M |
| 4 | U.S. Department of Energy (DOE Loan Programs Office) | 1 | $1.66B |
| 5 | TVA | 1 | — |
Top Sellers / Developers
| # | Firm | Deals | Value |
|---|---|---|---|
| 1 | Invenergy | 1 | $1.10B |
| 2 | Kairos Power | 1 | — |
| 3 | Ultium Cells LLC (GM + LG Energy Solution JV) | 1 | $70M |
| 4 | Tenaska (Bobwhite Energy Storage affiliate) | 1 | $300M |
| 5 | Plug Power | 1 | $1.66B |
Technology Mix
Deal Type Mix
- Project Finance3
- Power Purchase & Offtake3
- Strategic & Growth Capital1
Activity by Year
Recent Deals
Latest 7- Bobwhite Energy Storage — 225 MW / 900 MWh standalone BESS, Hawkins County, E…Apr 21, 2026
Power Purchase & Offtake · TN · $300,000,000 · 225 MW
- Ultium Cells Spring Hill LFP Retool — $70M retooling of Tennessee EV battery …Mar 17, 2026
Strategic & Growth Capital · TN · $70M
- Six future ENTRA1 SMR plants — 6 GW total (~72 NuScale 77-MW VOYGR modules)Sep 3, 2025
Power Purchase & Offtake · AL, GA, KY, MS, NC, TN, VA · 6,000 MW
- Hermes 2 advanced nuclear reactor — 50 MW at Oak Ridge, TennesseeAug 19, 2025
Power Purchase & Offtake · TN · 50 MW
- 590 MW solar portfolio: Cadence Solar (240 MW, OH), Trade Post Solar (200 MW,…Jan 27, 2025
Project Finance · IN, OH, TN · $1.1B · 590 MW
- Up to 6 green hydrogen production and liquefaction facilities across the US (…Jan 16, 2025
Project Finance · GA, LA, NY, TN, TX · $1.66B
- BlueOval SK EV battery manufacturing — 120+ GWh/yr battery production capacit…Dec 16, 2024
Project Finance · KY, TN · $9.63B
Recent Moves at Active Firms
All moves →Neal Kemkar joined as Chief Network Officer at CeresFeb 9, 2026
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