Form Energy will expand its just completed scaled-up iron-air system factory in West Virginia, also announcing $1.2 billion in firm investments and plans to deploy batteries at commercial scale, with Mortenson as contractor for the first project in Minnesota.
Planned 1.2-million-sq-ft plant in Edgecombe County, N.C., which would have 24-GW capacity to produce batteries favored for microgrids and data centers, would be the first large domestic producer of the alternative technology to lithium-ion.
Federal grants and loans under new infrastructure funding laws will favor applicants with strategies to retain and attract skilled workers for “high-quality jobs," a move observers say is timed with escalating auto industry labor battles.
Company says it will need more manufacturing plants to reach targeted EV battery production capacity, as a $4-billion electric vehicle battery assembly plant is advancing in De Soto, Kan.
Lithium-ion battery developer KORE Power Inc. to supplement cost of $1.25-billion advanced EV battery manufacturing plant underway in Buckeye, Ariz., with $850-million conditional U.S. Energy Dept. loan.
Toyota's under-construction battery plant in North Carolina is now an almost $6B project with new funds, while Ford BlueOval plants in Tennessee and Kentucky are boosted by a $9.2-billion U.S. Energy Dept. conditional loan, its largest ever single investment.
U.S. Energy Dept. did not detail why it withdrew its conditional loan to Texas-based Microvast made last year for a $500M plant in Kentucky, but the firm's founder disputes Congressional allegations of alleged ties to the Chinese government voiced in letters to the agency since last year.
Redwood Materials plans to draw pieces of federal financing as it achieves milestones in phased construction of its northern Nevada battery materials campus.
