Enexor receives LaunchTN SBIR/STTR matching funds for local innovation

FRANKLIN, Tennessee. (September 10, 2024) – Enexor BioEnergy has been selected by Launch Tennessee to receive funding through the FY25 SBIR/STTR Matching Fund program. The initiative awarded $9 million to 40 Tennessee companies that previously secured federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants.

The program strengthens early-stage innovation by pairing federal funding with state-level support to accelerate commercialization. Funding will support continued development of patented Bio‑CHP systems, which convert organic and plastic waste into clean, on-site power and thermal energy.

“We are excited to receive this support from Launch Tennessee,” said Lee Jestings, CEO of Enexor. “These resources will help us scale our waste‑to‑energy systems, validate new technology models, and expand our impact across Tennessee and beyond.”

Enexor was selected as part of the Middle Tennessee cohort, alongside companies working in clean energy, sustainability, advanced technology, and life sciences. The funds will support research, prototyping, and manufacturing at the company’s facility in Franklin.

This award underscores the rising demand for scalable clean energy solutions and highlights Tennessee’s growing role in the global energy transition.

About Enexor

Enexor provides on-site, renewable energy and carbon conversion solutions to help solve the world’s organic and plastic waste problems. Its patented systems, housed in custom 20-foot containers, convert nearly any combination of waste into renewable energy and high-purity CO₂. Based in Franklin, Tenn., Enexor partners with global organizations to advance sustainability, resiliency, and energy access. Learn more at www.enexor.com.

About Launch Tennessee

Launch Tennessee is a public-private partnership that supports entrepreneurship and innovation across Tennessee. Through funding programs, ecosystem building, and strategic partnerships, Launch Tennessee accelerates the development of high-growth startups and strengthens the state’s innovation economy. Learn more at www.launchtn.org.

Read the release by Launch Tennessee here.