
Lyten to Invest $1B in World’s First Lithium-Sulfur Battery Gigafactory
Key Highlights:
- Lyten invests $1 billion to build the first lithium-sulfur battery gigafactory in Reno, Nevada.
- The facility aims to produce 10 GWh of batteries annually by 2027.
- Phase 1 expected to be operational by 2027, eventually creating over 1,000 jobs.
- Lithium-Sulfur cells are 40% lighter than lithium-ion and use local, low-cost materials.
- The project aligns with the Inflation Reduction Act and will support national energy goals.
Source: Business Wire
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