EnerSys Completes Negotiation of U.S. DOE Award Supporting Development of Lithium-ion Gigafactory

EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced the successful completion of contract and funding negotiations with the U.S. Department of Energy (DOE). This final agreement secures a $199 million award from the DOE’s Office of Manufacturing and Energy Supply Chains, which will support the construction of EnerSys’ state-of-the-art lithium-ion cell production facility in Greenville, South Carolina.

The Greenville facility will span 500,000 square feet and is set to produce advanced lithium-ion cells for critical applications across commercial, industrial, and defense end markets. The factory will be dedicated to manufacturing cells exclusively for EnerSys products, advancing the Company’s ambitions of shaping the future of energy storage and strengthening the U.S. energy supply chain. The new factory will support the needs of critical customers including the U.S. Department of Defense (DOD), which has specific requirements for domestically sourced batteries. The Company intends to begin construction of the facility in 2025, with commercial production expected to commence in 2028.

This announcement follows the Company’s September 20, 2024, announcement regarding its selection for the DOE award negotiation. Details about the Company’s gigafactory development plans and lithium-ion technology roadmap were provided during a “Technology Talk” webcast on September 30, 2024. The webcast archived replay is available on the Company’s Technology Talk website and in the Investor Relations section of the EnerSys website under Events and Presentations.

EnerSys | https://www.enersys.com/en/