Enevate, a battery innovator based in Irvine, is partnering with a South Korean battery maker to develop a manufacturing facility somewhere in the United States.
Many terms of the deal are not open to discussion yet, but Enevate did provide some information on what this means for the company as electric vehicle demand ramps up across the nation.
The Infrastructure Investment and Jobs Act passed by Congress and signed by President Joe Biden is spurring myriad plans for domestic green energy manufacturing. A 2022 analysis by McKinsey Battery Insights projects the global lithium-ion battery chain could grow by more than 30% annually through 2030. Challenges for manufacturers will be a steady supply of raw materials and equipment, the report said.
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Enevate, which is developing fast charging and “high energy density” battery tech for electric vehicles, and South Korea’s JR Energy Solution this week announced their joint plan to build a battery cell electrode facility somewhere in the U.S.
We reached out to Enevate with some questions. Janis Doelle, the company’s vice president of marketing and sales, provided the answers. Her responses have been edited for length.
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Q: Who is behind Korea-based JR Energy Solution and is it the sole backer of the project?
Enevate: JR Energy Solution is an electrode manufacturing company with decades of experience in the battery industry and previous experience from major battery companies such as LG Energy Solutions, SK, Hyundai, etc. They are experts in battery electrode manufacturing and are currently building up their first facility in Korea with a start of production date for the first phase in late 2023.
Q: The US facility will focus on certain parts of the battery for use in electric vehicles and other industries?
Enevate: The main focus of the US facility…
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