READING, Pa. - Industrial energy storage leader EnerSys (NYSE: NYSE:ENS) has unveiled plans to establish a lithium-ion battery gigafactory in Greenville, South Carolina. The new facility is part of the company's strategy to expand its battery production capabilities in the United States and to meet growing demand for domestically sourced batteries.
With an expected investment of $500 million, the proposed 500,000 square foot manufacturing plant will be situated within the Augusta Grove business park, spanning approximately 140 acres. The factory, which is projected to create 500 new jobs, will focus on producing various lithium-ion cell form factors for commercial, industrial, and defense applications. Once operational, the facility is set to have a production capacity of four gigawatt hours (GWh) per year.
EnerSys has secured a comprehensive incentive package through South Carolina and Greenville County, estimated to be worth around $200 million. This package, combined with tax benefits from the Inflation Reduction Act and potential additional federal funding, will support the substantial investment. The company is targeting the start of construction in early 2025, with the intention of commencing operations by late 2027.
David M. Shaffer, President & CEO of EnerSys, recognized Greenville as an emerging high-tech hub with a skilled talent pool, describing the gigafactory as a significant step in accelerating the global clean energy transition.
This news article is based on a press release statement from EnerSys.
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