Producer Entek will make investments $1.5 billion in a brand new lithium-ion battery separator plant in Terre Haute, Indiana, the corporate introduced Wednesday.
The battery parts website will span 4 buildings throughout 1.4 million sq. toes, making it the Oregon-based firm’s largest funding to this point. The manufacturing campus will produce sufficient separators to energy 1.4 to 1.6 million EVs yearly by 2027.
Entek obtained a $200 million grant from the Division of Power to assist fund the challenge, made potential by the Bipartisan Infrastructure Regulation.
The corporate can also be set to obtain as much as greater than $13 million in state tax incentives and grants, together with for job coaching and sensible manufacturing.
Entek is pushing to develop its manufacturing capability throughout the nation. Final yr, the corporate introduced plans to open a manufacturing facility in Henderson, Nevada.
Its Indiana website is the primary part of a company-wide enlargement plan to construct 1.4 billion-square-meters of annual manufacturing by 2027.
“Mixed with our sturdy and proprietary IP and our vertically-integrated engineering and fabrication competencies, ENTEK has each the dedication and functionality to produce the rising and significant US lithium-ion battery business with US produced separators,” CEO Larry Keith stated in an announcement asserting the company enlargement plan.