Charged EVs | Statevolt to construct 54 GWh battery gigafactory in California

Startup Statevolt, a sister firm of Britishvolt and Italvolt, plans to take a position $4 billion to assemble a brand new battery manufacturing unit in California’s Imperial Valley. The brand new firm’s crew will reap the benefits of “earlier learnings in gigafactory design and engineering,” in addition to “an ecosystem of established undertaking improvement companions.”

Statevolt is at present trying to find the best location for its facility. As soon as totally operational, the brand new gigafactory can have an annual battery manufacturing capability of 54 GWh—sufficient to equip round 650,000 EVs.

Statevolt has signed a letter of intent with Managed Thermal Assets (CTR), which can ship sustainable, domestically produced lithium and geothermal energy from its soon-to-be constructed Hell’s Kitchen Lithium and Energy improvement.

Statevolt’s partnership with CTR is a part of a “hyper-local” enterprise mannequin for battery manufacturing within the US, which Britishvolt can be pursuing within the UK. The plant will receive its key feedstock—lithium—and its energy from native sources with the intention to decrease the environmental affect of manufacturing and construct a sustainable and safe provide chain. The brand new facility is predicted to create as much as 2,500 direct jobs within the area.

“Right now, we face a major scarcity within the quantity of lithium that’s required to satisfy the demand for electrical autos,” stated Statevolt chief Lars Carlstrom. “We’re pioneering a brand new, hyper-local enterprise mannequin, which prioritizes sustainability and resilience within the provide chain to resolve this concern. Extra importantly, we consider this mannequin will supply Statevolt a major benefit in producing lithium-ion batteries at scale.”

“We applaud Lars and his crew for taking a proactive method to make sure the corporate’s future lithium provide, whereas additionally consciously searching for out the cleanest lithium and energy obtainable for Statevolt’s first US gigafactory,” stated Rod Colwell, CEO of Managed Thermal Assets. “The extraordinary development in electrical car adoption and the rising demand for power storage techniques to supply clear energy spotlight the pressing must develop a powerful and safe battery provide chain in america.”

Supply: Statevolt