EnerSys Completes Negotiation of U.S. DOE Award Supporting Development of Lithium-ion Gigafactory
EnerSys (NYSE: ENS) has successfully completed negotiations with the U.S. Department of Energy (DOE) for a $199 million award to support the construction of a lithium-ion cell production facility in Greenville, South Carolina. The state-of-the-art 500,000 square foot gigafactory will manufacture advanced lithium-ion cells exclusively for EnerSys products, serving commercial, industrial, and defense markets, including the U.S. Department of Defense.
Construction is scheduled to begin in 2025, with commercial production expected to start in 2028. The facility aims to strengthen the U.S. energy supply chain and advance EnerSys' position in energy storage solutions, particularly focusing on meeting domestic sourcing requirements for critical defense applications.
EnerSys (NYSE: ENS) ha completato con successo le trattative con il Dipartimento dell'Energia degli Stati Uniti (DOE) per un contributo di 199 milioni di dollari a sostegno della costruzione di un impianto di produzione di celle litio-ioniche a Greenville, Carolina del Sud. La gigafactory di 500.000 piedi quadrati all'avanguardia produrrà celle litio-ioniche avanzate esclusivamente per i prodotti EnerSys, servendo i mercati commerciale, industriale e della difesa, incluso il Dipartimento della Difesa degli Stati Uniti.
I lavori di costruzione sono previsti per iniziare nel 2025, con la produzione commerciale attesa per iniziare nel 2028. L'impianto mira a rafforzare la catena di approvvigionamento energetico degli Stati Uniti e a far avanzare la posizione di EnerSys nelle soluzioni di stoccaggio energetico, focalizzandosi in particolare sul soddisfacimento dei requisiti di approvvigionamento nazionale per applicazioni critiche di difesa.
EnerSys (NYSE: ENS) ha completado con éxito las negociaciones con el Departamento de Energía de los Estados Unidos (DOE) para un premio de 199 millones de dólares que apoyará la construcción de una instalación de producción de celdas de iones de litio en Greenville, Carolina del Sur. La gigafábrica de 500,000 pies cuadrados de última generación fabricará celdas de iones de litio avanzadas exclusivamente para productos de EnerSys, atendiendo a los mercados comercial, industrial y de defensa, incluyendo el Departamento de Defensa de los Estados Unidos.
La construcción está programada para comenzar en 2025, con la producción comercial prevista para iniciar en 2028. La instalación tiene como objetivo fortalecer la cadena de suministro de energía de EE. UU. y avanzar en la posición de EnerSys en soluciones de almacenamiento de energía, centrándose particularmente en cumplir con los requisitos de suministros nacionales para aplicaciones críticas de defensa.
EnerSys (NYSE: ENS)는 미국 에너지부(DOE)와의 협상을 성공적으로 완료하고 1억 9900만 달러 지원금을 획득하여 사우스 캐롤라이나주 그린빌에 리튬 이온 셀 제조 시설을 건설합니다. 50만 평방 피트 규모의 최첨단 기가팩토리는 EnerSys 제품 전용의 고급 리튬 이온 셀을 제조하며 상업, 산업 및 방위 시장에 서비스를 제공합니다. 이 시설은 미국 국방부를 포함합니다.
건설은 2025년에 시작될 예정이며, 상업 생산은 2028년에 시작될 것으로 예상됩니다. 이 시설은 미국 에너지 공급망을 강화하고 EnerSys의 에너지 저장 솔루션에서의 입지를 강화하는 것을 목표로 하며, 특히 방위 애플리케이션의 중요한 국내 조달 요구 사항을 충족하는 데 중점을 둡니다.
EnerSys (NYSE: ENS) a réussi à finaliser les négociations avec le Département de l'Énergie des États-Unis (DOE) pour une subvention de 199 millions de dollars visant à soutenir la construction d'une installation de production de cellules lithium-ion à Greenville, Caroline du Sud. La gigafactory de 500 000 pieds carrés ultramoderne fabriquera des cellules lithium-ion avancées exclusivement pour les produits EnerSys, desservant les marchés commercial, industriel et de défense, y compris le Département de la Défense des États-Unis.
La construction est prévue pour commencer en 2025, avec une production commerciale attendue au 2028. L'installation vise à renforcer la chaîne d'approvisionnement énergétique des États-Unis et à améliorer la position d'EnerSys dans les solutions de stockage d'énergie, en se concentrant particulièrement sur le respect des exigences d'approvisionnement national pour des applications critiques de défense.
EnerSys (NYSE: ENS) hat erfolgreich Verhandlungen mit dem US-Energieministerium (DOE) abgeschlossen und einen Preis von 199 Millionen Dollar gewonnen, um den Bau einer Lithium-Ionen-Zellenproduktionsanlage in Greenville, South Carolina, zu unterstützen. Die 500.000 Quadratfuß große Gigafabrik wird fortschrittliche Lithium-Ionen-Zellen ausschließlich für EnerSys-Produkte herstellen und die kommerziellen, industriellen und Verteidigungsmärkte bedienen, einschließlich des US-Verteidigungsministeriums.
Der Bau soll 2025 beginnen, die kommerzielle Produktion wird voraussichtlich 2028 aufgenommen. Die Anlage soll die US-Energieversorgungskette stärken und die Position von EnerSys im Bereich der Energiespeicherlösungen ausbauen, insbesondere um die Anforderungen an die nationale Beschaffung für kritische Verteidigungsanwendungen zu erfüllen.
- Secured $199 million DOE funding for gigafactory construction
- 500,000 square foot manufacturing facility adds significant production capacity
- Strategic positioning to serve U.S. Department of Defense contracts
- Vertical integration through exclusive cell manufacturing for EnerSys products
- Long timeline to revenue generation with production starting in 2028
- Significant capital investment and operational costs expected beyond DOE funding
Insights
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The 2028 production timeline aligns with projected market demands, particularly in defense applications where domestic sourcing requirements create a competitive moat. The facility's dedicated focus on EnerSys products suggests enhanced quality control and customization capabilities, critical for high-performance industrial applications. The DOD's involvement as a key customer adds revenue stability and potential for premium pricing.
This development marks a important shift in U.S. defense supply chain security. The DOD's specific requirements for domestically sourced batteries make this facility strategically vital. EnerSys's position as a qualified defense contractor, now with domestic manufacturing capabilities, could lead to expanded military contracts worth potentially hundreds of millions annually. The facility's dedicated production for EnerSys products ensures controlled supply chains - a critical factor for defense applications.
The timing coincides with increased defense spending on energy storage solutions, particularly for tactical vehicles and installations. This positions EnerSys to capture a larger share of the
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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.
About EnerSys
EnerSys is a global leader in stored energy solutions for industrial applications and designs, manufactures, and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, portable power solutions for soldiers in the field, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. To learn more about EnerSys please visit https://www.enersys.com/en/
Sustainability
Sustainability at EnerSys is about more than just the benefits and impacts of our products. Our commitment to sustainability encompasses many important environmental, social and governance issues. Sustainability is a fundamental part of how we manage our own operations. Minimizing our environmental footprint is a priority. Sustainability is our commitment to our employees, our customers and the communities we serve. Our products facilitate positive environmental, social and economic impacts around the world. To learn more visit: www.enersys.com/en/about-us/sustainability.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events or developments that EnerSys expects or anticipates will occur in the future, including statements relating to the level of investment, the number of jobs created, the likelihood of obtaining or satisfying the remaining conditions to completing the investment and gigafactory, the timing of construction and operations of the gigafactory, the amount and timing of grants, and the benefits from developing and operating such gigafactory, are forward-looking statements. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance and are inherently subject to risks and uncertainties. The statements in this press release are made as of the date of this press release. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2024. No undue reliance should be placed on any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250117989373/en/
Lisa Hartman
Vice President, Investor Relations and Corporate Communications
EnerSys
610-236-4040
E-mail: investorrelations@enersys.com
Source: EnerSys
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