Thursday, October 3, 2024

Lithium-ion battery manufacturer awarded $199M toward Greenville gigafactory

The DOE funding is part of the federal $62 billion Bipartisan Infrastructure Law (BIL) Battery Materials Processing and Battery Manufacturing Grants, which are focused on ensuring that the U.S. has a viable battery materials processing industry with the objective of expanding domestic battery manufacturing capabilities and enhancing processing capacity, a news release stated.

EnerSys has been selected to enter into award negotiations for $199 million from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains to support the development of its lithium-ion cell production facility.

(Rendering/EnerSys) A global stored energy solutions company has received $199 million in federal funding toward the construction of a gigafactory planned for Greenville.

EnerSys announced it has been selected to enter into award negotiations for $199 million from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains to support the development of its lithium-ion cell production facility.

EnerSys plans to invest approximately $615 million to construct and commission the plant over the next four years, the release stated.

As announced in February 2024, EnerSys had also been awarded a comprehensive incentive package through South Carolina and Greenville County valued at approximately $200 million, which includes a combination of short-term and long-term incentives.

EnerSys is also progressing on a strategic relationship with Verkor SAS (Verkor), a European leader in battery technology, to leverage their expertise in electrode manufacturing and high-speed cell production to support the factory, the release stated. 

https://gsabusiness.com/lithium-ion-battery-manufacturer-awarded-199m-toward-greenville-gigafactory/

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