EnerVenue Announces Gigafactory to Scale Production of Energy Storage Solutions

EnerVenue to open a multi-million-square-foot manufacturing facility that can allow the clear power firm to fulfill present and future demand for distinctive, non-lithium-ion battery know-how.

FREMONT, Calif., and SHELBY COUNTY, Ky., March 28, 2023 – EnerVenue, the primary firm to carry metal-hydrogen batteries able to greater than 30,000 cycles to the clear power revolution, immediately introduced that it’s going to open a million-square-foot gigafactory in Shelby County, Kentucky. The 73-acre website would be the firm’s state-of-the-art manufacturing plant for Vitality Storage Vessels™. All points of design and course of validation, manufacturing and testing will probably be carried out on website. The primary part of the mission will cowl one gigawatt hour of annual manufacturing. EnerVenue expects to speculate greater than $1 billion to increase to greater than 20 gigawatt hours per yr throughout its native manufacturing websites in subsequent phases.

“Finding EnerVenue’s gigafactory in Kentucky is a win for the commonwealth,” mentioned Governor Andy Beshear. “Our management has prioritized bringing high-quality jobs to the area and that is one other instance of these efforts paying dividends.”

The brand new gigafactory, situated within the coronary heart of Kentucky’s manufacturing area, is predicted to create 450 full-time jobs through the preliminary opening and first part of manufacturing ramp-up. Shelby County has supplied EnerVenue a beneficiant long-term incentive bundle consisting of property and wage tax rebates totaling $20 million over 25 years, which coincides with the corporate’s important native funding. The state of Kentucky additionally supplied EnerVenue greater than $10.3 million in tax incentives for the corporate’s first part of ramping up. The tax rebates will assist help the county’s progress and encourage future progress because the gigafactory expands and provides extra jobs.

“We’re excited to welcome EnerVenue to Shelby County and sit up for the constructive affect its gigafactory can have on our native financial system,” mentioned Dan Ison, Shelby County Choose Govt. “With this facility, county residents will probably be supplied with new, profitable profession alternatives.”

EnerVenue continues to see speedy demand for its distinctive resolution for secure, steady, and versatile clear power storage. The corporate has greater than 7 GWh of buyer commitments, together with from Pine Gate Renewables, Nicon Industries’ Inexperienced Vitality Renewable Options, and Sonnell Energy Options, amongst others.

“As buyer curiosity in EnerVenue’s storage know-how will increase, we’re excited to scale up battery manufacturing with our new state-of-the-art gigafactory in Shelby County,” mentioned Jorg Heinemann, CEO , EnerVenue. “After a nationwide vetting course of, Kentucky emerged as the perfect match to construct our new facility. State and county governments are dedicated to bringing manufacturing and clear power jobs to within the area, and we sit up for working with them as we construct operations.”

The gigafactory additionally continues to develop EnerVenue’s nationwide footprint. The corporate not too long ago expanded its operations in Fremont, California and secured long-term provide agreements for supplies and tools with Precision Course of and Treasured Plate in Niagara Falls, New York.

EnerVenue not too long ago launched the second technology of its large-format battery know-how—Vitality Storage Vessels—which allows extra scalable and customizable configurations. The corporate additionally backs its fleet with Capability Assurance ™, providing prospects a simple 20-year/20,000-cycle guarantee extension at 88%+ capability.

The gigafactory is predicted to begin manufacturing by the top of the yr.

About EnerVenue

EnerVenue builds easy, secure, and cost-efficient power storage options for the clear power revolution. Primarily based on know-how that has been confirmed for many years beneath essentially the most excessive situations, EnerVenue batteries have been refined and scaled for a variety of renewable power integration purposes. The corporate is situated in Fremont, California.

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