LeMond Composites Expands Manufacturing Hub In Oak Ridge, Tennessee
10/13/2016
The project to serve the transportation, renewable energy and infrastructure markets is expected to create 242 new jobs in Roane County.
“We can provide the advantages of our carbon fiber to many industries by improving strength, stiffness and weight reduction,” Connie Jackson, CEO of LeMond Composites, said. “If you imagine replacing steel, aluminum and fiberglass with our carbon fiber, you can begin to understand the scope of the potential market. Our process will have global applications and we are ready to move forward with scaling the technology.”
“We have assembled the only team in the world that has executed this proven technology that uniquely positions us to deliver a successful outcome for our customers and stakeholders,” Greg LeMond, Co-founder of LeMond Composites, said. “From our experience, I know that having the right team is a distinct business advantage.”
Offering solutions for high-volume, low-cost carbon fiber, LeMond Composites has secured a licensing agreement with U.S. Department of Energy’s ORNL, according to state officials. The agreement will make LeMond Composites the first company to offer this new industry-disrupting carbon fiber to the transportation, renewable energy, and infrastructure markets.
“LeMond Composites’ new carbon fiber technology, licensed from ORNL, has the potential to transform the automotive and aerospace industries as well as renewable energy and infrastructure markets,” Economic and Community Development Commissioner Randy Boyd said. “This decision to invest in Tennessee underscores the incredible resources ORNL has to offer companies looking to tap into one of the world’s top research centers, and one that is constantly on the cutting edge of new scientific and technological breakthroughs. On behalf of Team Tennessee, I’d like to thank LeMond Composites for its investment and commitment to create nearly 250 new jobs in Roane County.”
Governor Bill Haslam said, “Oak Ridge National Laboratory is one of the state’s greatest assets, and the partnership between LeMond and ORNL will only strengthen Tennessee’s world-renowned reputation for manufacturing advanced, innovative products. LeMond Composites’ decision to invest in Tennessee brings us another step closer toward of goal of being the No. 1 location in the Southeast for high quality jobs.”
The breakthrough process invented by Jackson and a research team at ORNL’s Carbon Fiber Technology Facility will significantly reduce production costs relative to the lowest cost of industrial grade carbon fiber, state officials said.This new carbon fiber has the mechanical properties of carbon fiber, but costs significantly less. Until now, manufacturing carbon fiber was an extremely energy-intensive process. This new method greatly reduces energy consumed during production.
“The successful transition of this technology to the private sector demonstrates the Department of Energy’s commitment to invest in scientific research and development to address the nation’s energy challenges and deliver solutions to the marketplace,” Thomas Zacharia, ORNL Deputy Director for Science and Technology, said.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025