Project UpdateJul 23, 2026, 04:32 PM
EnerSys Refines Lithium Cell Plant, Secures $150M DOE Grant
AI Summary
EnerSys has revised its planned lithium-ion cell manufacturing facility in Greenville, SC, reducing initial capacity to 1 gigawatt-hour but focusing on aerospace, defense, and specialized industrial applications. The company secured a revised grant of approximately $150 million from the U.S. Department of Energy and up to $200 million in state and local incentives, with a total net investment of approximately $500 million. EnerSys also announced it will transition away from its technology relationship with Verkor SAS for the project.
Key Highlights
- Revised planned lithium-ion cell facility capacity to 1 gigawatt-hour, down from 4-5 GWh.
- Secured revised U.S. DOE grant of approximately $150 million.
- Received up to $200 million in state and local incentives.
- Estimated total net investment for the facility is approximately $500 million.
- Construction expected to begin in the first half of fiscal year 2028.
- Terminated technology partnership with Verkor SAS for the project.
Price Impact
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