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posted on EVANNEX October 22, 2022, by Charles Morris

Jamestown, New York will be the site of Electrovayais the first American gigafactory. The Ontario-based battery maker plans to produce cells and batteries in a 137,000 square foot former electronics factory on a 52-acre campus. The facility is due to open in phases from late 2023. Production capacity is expected to be over one GWh of batteries and energy storage systems over the next five years.

Above: Electrovaya headquarters in Ontario, Canada. Photo: Electrovaya

The company’s Li-ion batteries are used in electric forklifts, electric trucks, electric robots, electric buses and more.

The company has secured great support of the state government for the project. Empire State Development will provide up to $4 million in tax credits and $2.5 million in financing. The New York Power Authority has allocated some 1.5 megawatts of low-cost hydroelectricity to the company, as part of the agency’s industrial economic development program. CEO Dr. Raj Das Gupta said the plant will produce battery products using 100% renewable energy.

The plant is expected to create approximately 250 new jobs.

“The Gigafactory will achieve three key goals for the company: increase our manufacturing capacity to meet growing demand; improve our supply chain security and overall gross margins through increased vertical integration; and develop additional market opportunities given the significant US-based manufacturing capacity,” said Dr. Das Gupta.

This article originally appeared in Accused. Author: Charles Morris. Source: Electrovaya



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