The grand plan for the U.S. battery factory was to build a bunch of, uh, U.S. battery factories on Tuesday, when Tucson, Arizona, gave the company go ahead find its first factory airport close to the city.
Over a decade, ABF said it would pump about $1.2 billion into the facility, which it claims will be “the largest gigafactory in the country.” Lithium iron phosphate (LFP) The battery will occupy approximately 2 million square feet when completed. The ABF estimates it will ultimately bring 1,000 additional jobs to the city.
The company says its batteries will be used for commercial and home energy storage, as well as to power electric vehicles.it is planned to be in Battery Material Crunch With the adoption of electric vehicles in the United States (cars and SUVs currently account for 57% The country’s traffic-related emissions, according to the EPA. )
ABF is from lion energy, an eight-year-old energy storage company headquartered in American Fork, Utah.The company’s effort to launch a “network” of LFP factories in the U.S. is one of many seeking government funding through the government Inflation Reduction Act. law Provide billions of dollars in tax credits Promote domestic production of batteries and electric vehicles, incentivize toyota, Honda and Chinese battery manufacturers Gotion Built in the USA.
In a statement to TechCrunch, ABF CEO Paul Charles called the inflation reduction bill a “true game changer” and said the law would initially “translate into about $100 million in such tax credits per year, For our first modules or to make output pods.”
The company added that it has signed strategic supply agreements with Japanese chemical giant Asahi Kasei and synthetic graphite company Anovion.
