The new gigafactory, located in the heart of Kentucky’s manufacturing
region, is expected to create 450 full-time jobs during the initial
opening and first phase of the production ramp. Shelby County offered
EnerVenue a generous long-term incentive package comprising property
and wage tax rebates totaling $20 million over a 25-year period, which
is commensurate with the company’s significant local investment. The
state of Kentucky also offered EnerVenue more than $10.3 million in
tax incentives for the first phase of the company’s ramp. The tax
rebates will help support growth in the county and incentivize future
development as the gigafactory expands and adds additional jobs.
“We are excited to welcome EnerVenue to Shelby County and look forward
to the positive impact its gigafactory will have on our local
economy,” said Dan Ison, Shelby County Judge Executive. “With this
facility, county residents will be afforded new, lucrative career
opportunities.”
EnerVenue continues to see accelerating demand for its unique solution
for safe, durable, and versatile clean energy storage. The company has
more than 7 GWh of customer commitments, including from Pine Gate
Renewables, Nicon Industries’ Green Energy Renewable Solutions, and
Sonnell Power Solutions, among others.
“As customer interest in EnerVenue’s storage technology soars, we’re
excited to significantly scale battery production with our new
state-of-the-art gigafactory in Shelby County,” said Jorg Heinemann,
CEO, EnerVenue. “Following a nationwide vetting process, Kentucky
emerged as the ideal fit to build our new facility. The state and
county governments were committed to bringing manufacturing and clean
energy jobs to the region, and we look forward to working with them as
we build out operations.”
The gigafactory also continues to grow EnerVenue’s national footprint.
The company recently expanded its operations in Fremont, California
and secured long-term materials
and equipment supply agreements with Precision Process and
Precious Plate in Niagara Falls, New York.
EnerVenue recently launched the second generation of its large-format
battery technology—Energy Storage Vessels—that enable more scalable
and customizable configurations. The company also backs its vessels
with Capacity
Assurance™, offering customers a straightforward
20-year/20,000-cycle warranty extension at 88%+ capacity.
The gigafactory is expected to begin production by the end of the
year.
About EnerVenue
EnerVenue builds simple, safe, and cost-efficient energy storage
solutions for the clean energy revolution. Based on technology proven
over decades under the most extreme conditions, EnerVenue batteries
are refined and scaled for large renewable energy integration
applications. The company is headquartered in Fremont, California.
Kyle Peterson
kyle@clementpeterson.com
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
