EnerSys Completes Negotiation of U.S. DOE Award Supporting Development of Lithium-ion Gigafactory
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EnerSys has secured a $199 million award from the U.S. Department of Energy to support the construction of a lithium-ion cell production facility in South Carolina.
January 17, 2025 | 9:30 pm
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EnerSys has completed negotiations with the U.S. DOE, securing a $199 million award to build a lithium-ion cell production facility in South Carolina.
The $199 million award from the U.S. DOE is a significant financial boost for EnerSys, enabling the construction of a new lithium-ion cell production facility. This development is likely to enhance EnerSys' production capabilities and market position, positively impacting its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100