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- EnerSys Selected for $199M DOE Funding for Lithium-Ion Gigafactory
EnerSys Selected for $199M DOE Funding for Lithium-Ion Gigafactory
Slice of Manufacturing Team
September 25, 2024
Key Highlights:
EnerSys secures $199 million in DOE funding negotiations for lithium-ion gigafactory in Greenville, SC.
$615 million investment planned to build a 500,000 sq ft factory, creating 500 new jobs.
Factory to produce 5 GWh of lithium-ion cells per year for commercial, industrial, and defense applications.
Additional $50 million investment for a specialized production line for the Department of Defense.
Strategic partnership with Verkor to leverage high-speed cell production expertise.
Source: Business Wire
Notable Quote:
“We are pleased to be selected for DOE funding to support this important domestic manufacturing investment. This project will strengthen our U.S.-based supply chain and provide us the manufacturing scale and flexibility we need.”
Our Take:
EnerSys' successful entry into award negotiations with the DOE marks a significant step toward strengthening the U.S. battery manufacturing landscape. With the federal, state, and local incentives, the company is set to create a substantial impact on the domestic supply chain, particularly by addressing the critical need for lithium-ion cells in commercial, industrial, and defense sectors. The partnership with Verkor SAS adds valuable expertise in high-speed cell production, positioning the Greenville facility as a pivotal player in the U.S. energy storage market, contributing to both economic growth and national security.