LIS Technologies to invest $1.3 billion, create 200 jobs at Oak Ridge K-25 site, speakers say

Speaker 1 announced that LIS Technologies has decided to invest $1,300,000,000 and create 200 new jobs on the historic K-25 Enrichment site in Oak Ridge, Tennessee. The speaker framed the announcement as part of broader momentum to attract investment to the area and encouraged others to see the region as a place to invest.

Speakers at the event credited Tennessee's outreach and incentives with winning the project. Speaker 3, identifying themselves as a Tennessee native from Knoxville, said the support offered by Tennessee exceeded what other states had offered "by more than 5 times," and that that level of backing "set Tennessee apart as the right partner" for the company. Speaker 2 said a recent Nuclear News Wire ranking placed Tennessee among the top states for nuclear industry activity, and described the project as significant for both the state and the country.

Organizers positioned Oak Ridge and surrounding East Tennessee as a national center for nuclear industry activity. Speaker 4 called Tennessee, and Oak Ridge in particular, the "Silicon Valley of nuclear," and said LIS Technologies would provide critical industrial capacity for the sector. Speaker 5 framed the investment in national terms, saying "America needs energy dominance" and "America needs nuclear dominance," and pledged continued state support.

Officials emphasized local economic effects. Speaker 6 described the project as a "transformational opportunity" that would change lives by providing jobs to people who need work, and publicly thanked "Christo and Jay" (names given in the remarks without additional identification) for their decision to locate the project in the region. Speaker 7 recounted that the company visited the state in May 2024 at the invitation of Commissioner Stuart McWhorter and said the visit convinced company representatives that Tennessee wanted the project.

The announcement in the transcript describes LIS Technologies as Tennessee-based and states the planned investment amount and job count; the transcript does not provide further details on the investment timetable, financing sources, or regulatory approvals required. No formal motions, votes, or funding commitments were recorded in the provided excerpt. The next procedural steps and implementation timeline were not specified in the transcript.