Lyash said that last year about 270 companies selected the Tennessee Valley to do business because of TVA's low-cost, reliable and clean energy. In April, Envision AESC, an electric vehicle battery technology company, announced a 2,000-job, $2 billion investment to build a new battery factory in Bowling Green, Kentucky, because of TVA's renewable energy programs, according to the utility. "Our region is the nation's premier destination for business, and a big reason for that is because of TVA's renewable energy efforts," Lyash said. "Soon 2,000 families will have good jobs and the Envision facility will be powered by 100% renewable energy." In Chattanooga, Volkswagen has invested $800 million in its assembly plant to ready for production of an electric SUV, the ID.4. Also, Australia-based battery materials maker Novonix has unveiled plans to invest $160 million retrofitting a former turbine manufacturing plant in Chattanooga.