MoUMay 8, 2026, 09:01 AM
J-Star Signs MOU for $100M Investment in Texas Battery Facility
AI Summary
J-Star Holding Co., Ltd. announced it has signed a non-binding Memorandum of Understanding (MOU) with White Group Ptd., Ltd., a Singapore-based firm. This MOU aims to support capital formation for J-Star's planned automated solid-state battery production facility in Baytown, Texas. White Group will help identify U.S.-based private equity partners for a proposed $100 million investment, which will complement J-Star's existing partnership with PSSB and a U.S. Department of Energy grant application. The 100 MWh facility is designed to produce high-density batteries for the rapidly expanding UAV and drone markets.
Key Highlights
- J-Star signed a non-binding MOU with White Group Ptd., Ltd.
- White Group will seek a proposed $100 million investment for the Baytown facility.
- The investment will support a 100 MWh automated solid-state battery production line.
- The facility targets the rapidly growing unmanned aerial vehicle (UAV) and drone markets.
- The investment complements a previously submitted U.S. Department of Energy grant application.
- The project builds on a strategic partnership with Patriot Green Energy Technology Co., Ltd. (PSSB).
- A site has been secured in the TGS Cedar Port Industrial Park by Baytown Economic Development Foundation.