EnerVenue Announces Nickel-Hydrogen Battery Gigafactory
EnerVenue, Inc., a nickel-hydrogen battery development company, announced that it will open a one million square foot gigafactory on a 73-acre site in Shelby County, Kentucky. With generous incentives from Shelby County and the state of Kentucky, the facility will aid the company as they design, manufacture and test its nickel-hydrogen Energy Storage Vessels.
The first phase of the project will provide 450 full-time jobs and is aiming for 1 GWh of annual production. EnerVenue says it expects to invest in excess of $1 billion to expand to more than 20 GWh per year across its domestic manufacturing sites in subsequent phases.
The technology created by EnerVenue is ideally suited for grid-scale, commercial, and residential applications. First developed in the 1980s, nickel-hydrogen technology reliably served a range of aerospace applications including the Mars Rover, Hubble Telescope, and the International Space Station. EnerVenue has built on this initial technology to create commercial deployments while other non-lithium battery storage technologies are still waiting for a lab breakthrough. EnerVenue is currently producing Energy Storage Vessels in the heart of Silicon Valley and will achieve volume production in 2024 at a U.S.-based location.
The company claims that its batteries have a more than 30-year lifespan, can go through more than 30,000 cycles without experiencing degradation and offer exceptional overcharge, over-discharge, and deep-cycle capabilities.
Shelby County offered EnerVenue a generous 25-year incentive package that includes property and wage tax rebates totaling $20 million. The state of Kentucky also offered EnerVenue more than $10.3 million in tax incentives for the first phase of the company’s ramp up. The tax rebates are intended to support growth in the county and incentivize future development as the gigafactory expands and adds additional jobs.
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