To Secure $100M from U.S. Department of Energy for North Carolina Lithium-Ion Battery Gigafactory
- Forge Battery finalized award negotiations with the Department of Energy on January 14, 2025
- $100M Bipartisan Infrastructure Law (BIL) funding to support gigafactory expansion to 3 GWh/year
Forge Battery, the commercial lithium-ion battery production subsidiary of Forge Nano, Inc., today announced it finalized award negotiations for $100M in non-dilutive funding by the Department of Energy’s Office of Manufacturing and Energy Supply Chains (MESC). Forge Battery and the Department of Energy finalized the funding contract on January 14th, 2025.