Nanoramic Selected for $47.5 Million DOE Grant to Establish Lithium-Ion Battery Electrode Manufacturing Plant
BOSTON, Dec. 4, 2023 /PRNewswire-PRWeb/ -- We are excited to announce a pivotal achievement for Nanoramic. The Company has been selected for award negotiations by the United States Department of Energy (DOE) Office of Manufacturing and Energy Supply Chains (MESC) for a grant award as part of the DOE's Advanced Energy Manufacturing and Recycling Program. The DOE MESC award is a grant of $47.5 million in federal cost share (pending negotiations), which will enable the Company to establish a lithium-ion battery electrode manufacturing plant in a former coal community in Bridgeport, CT. This announcement is a major third-party validation of our technology's value proposition and a source of great pride for our team. You can read more about the award in the DOE's public announcement here.
- Nanoramic has been awarded a $47.5 million grant from the United States Department of Energy (DOE) to establish a lithium-ion battery electrode manufacturing plant.
- This grant, part of the DOE's Advanced Energy Manufacturing and Recycling Program, will enable Nanoramic to build a plant in Bridgeport, CT.
BOSTON, Dec. 4, 2023 /PRNewswire-PRWeb/ -- We are excited to announce a pivotal achievement for Nanoramic. - The DOE MESC award is a grant of $47.5 million in federal cost share (pending negotiations), which will enable the Company to establish a lithium-ion battery electrode manufacturing plant in a former coal community in Bridgeport, CT.
- NX batteries are the perfect answer for on-shoring lithium-ion battery manufacturing in the U.S. because of their performance, cost, and sustainability advantages.