U.S. Battery Manufacturer Announces $1.4B Production Facility in North Carolina
October 1, 2024
Natron Energy, the only commercial manufacturer of sodium-ion batteries in the U.S., announced it will invest $1.4 billion to establish a sodium-ion battery giga-factory in Edgecombe County, NC, creating 1,062 jobs once fully operating.
According to the company, "sodium-ion solutions outperform, are significantly safer and are far more sustainable than lithium-ion options." The products produced will include critical power and industrial batteries for high-powered applications like AI, data centers, peak shaving and power quality management.
This is the latest investment in North Carolina's clean energy economy, increasingly referred to as "the Battery Belt," which has seen major commitments from other companies investing in battery production facilities, such as the announcements from Toyota ($5.9B), Wolfspeed ($5B) and Dai Nippon Printing Co., Ltd. ($233M) in the last three years alone.
The announcement also comes with news that the company will receive close to $30 million from the North Carolina Megasite Readiness Program for onsite preparation of the Kingsboro Megasite. Natron is the first recipient of Megasite Readiness Program funds, which are subject to final approval from the EDPNC's Board of Directors.
For more information contact:
Natron Energy
3542 Bassett St.
Santa Clara, CA 95054
natron.energy
< back