What Happened
America's Battery Gigafactory To Strengthen Defense Supply Chains
Forge Nano has broken ground on a major expansion of its lithium-ion battery manufacturing facility in Morrisville, North Carolina, which will create over 250 jobs and establish approximately 3 gigawatt-hours of annual battery cell manufacturing capacity. The facility, dubbed ‘America’s Battery Gigafactory’, is intended to address the nation’s dependence on foreign-controlled supply chains for batteries used in critical applications. The project is financed by up to $100 million in non-dilutive funding from the US Department of Energy and reflects a collaborative effort among Forge Nano, federal and state partners, and strategic industry collaborators. This development was first reported by GlobeNewswire.