Lyten to Invest $1B in World’s First Lithium-Sulfur Battery Gigafactory

Author

Slice of Manufacturing Team
October 18, 2024

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.

Notable Quotes:

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"Lithium-sulfur is a leap in battery technology, delivering a high energy density, light weight battery built with abundantly available local materials and 100% U.S. manufacturing."

Dan Cook, Co-Founder and CEO at Lyten
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"We need a talented, innovative workforce and this partnership will deliver just that."

Celina Mikolajczak, Chief Battery Technology Officer at Lyten
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"Nevada is well-positioned for continued growth and job creation well into the future."

Governor Joe Lombardo at Nevada

Our Take:

Lyten’s decision to invest $1 billion in building the world’s first lithium-sulfur gigafactory is a significant leap for the energy storage sector. The advanced lithium-sulfur technology, with its lighter weight and use of local materials, sets new benchmarks for cost and sustainability. Nevada’s evolving role as a hub for clean energy manufacturing positions the state at the forefront of the U.S. battery market, ensuring robust economic growth and job creation in the coming years.