iBIO - Illinois Biotechnology Industry Organization
09/23/2024 | Press release | Distributed by Public on 09/23/2024 06:19
NanoGraf Secures $60M Grant for Groundbreaking EV Battery Plant in Flint
NanoGraf Secures $60M Grant for Groundbreaking EV Battery Plant in Flint
by John Conrad| Sep 23, 2024| Member News
Chicago-based NanoGraf, a leader in advanced silicon anode battery technology, has been awarded a $60 million grant from the U.S. Department of Energy as part of the Bipartisan Infrastructure Law. This substantial funding will support the construction of one of the world's largest silicon anode battery material factories in Flint, Michigan. The total project investment amounts to $175 million and is expected to have a significant impact on the EV market.
Once operational, the new facility will boast an impressive annual production capacity of 2,500 tons of silicon anode material, potentially supporting up to 1.5 million EVs per year. This development marks a crucial step in strengthening the domestic battery supply chain and advancing U.S. competitiveness in EV technology. Moreover, the project promises substantial economic benefits for the local community, creating 200 construction jobs and 150 permanent positions. NanoGraf's expansion not only promises to boost American manufacturing but also demonstrates a commitment to community development through workforce initiatives and partnerships with local unions. As this game-changing project unfolds, it's set to play a pivotal role in electrifying the future of transportation.