Saturday, November 23, 2024

Nanotech Energy Announces New 517-Acre Nanotechnology-Powered Battery Manufacturing Campus in the Greater Reno Area

Nanotech Energy, the world’s leading manufacturer of graphene and the only producer of non-flammable, graphene-based batteries on the market, is expanding its operations to Storey County, Nevada, east of Reno, with a new 517-acre, multiple building manufacturing facility in the Tahoe Reno Industrial Center. The high-volume facility will significantly increase Nanotech Energy’s manufacturing capacity to produce and scale its patented, non-flammable Graphene batteries. The first of 2 buildings planned will produce 2.5 Gwh of batteries with the plan to continue expansion to has high as 15Gwh over he next several years. Nanotech’s new factory will also produce other graphene-powered products, including EMI (electromagnetic interference) shielding, transparent conducting electrodes, conductive inks, conductive adhesives and silver nanowires. View a short video about Nanotech Energy here.

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Nanotech Energy has already broken ground on the campus, which will include multiple buildings and a combined footprint in excess of one million square feet, in support of the company’s exponential U.S. and international expansion. The new campus is anticipated to bring more than 1000 jobs to the region over the next five years, including a significant number of engineering and research positions. The first building is slated to open in Q4 2022 and they are currently taking battery pre-orders. They will begin limited production in 2023 with full production starting in 2024.

“Nanotech Energy’s proprietary, graphene-based, nanotechnology overcomes the safety, limited storage capacity and recharge speed challenges of traditional lithium-ion batteries, and our new Northern Nevada facility will manufacture energy storage that will help power the world,” said Nanotech Energy Chairman, CEO and co-founder, Dr. Jack Kavanaugh.Nanotech Energy is the first and only producer to break the 50% content barrier by reaching 98% monolayer graphene, the wonder material that powers our products. We’ve already developed groundbreaking energy storage using technology that has the high capacity of a battery and the power performance of supercapacitors in a single solution.”

Nanotech Energy recently announced $64 million Series D funding at a $550 million post-Series D valuation. The Series D funding led by Taiwan’s largest financial services company, Fubon Financial Holding Co, and brought the total amount of funding raised to date by Nanotech Energy to $94.9 million.

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