NOVONIX invests $160M to retrofit Tennessee factory for battery anode production

NOVONIX plans to invest $160 million to retrofit a former Alstom power generation plant in Chattanooga, Tennessee, to produce over 8,000 metric tonnes of anode material for lithium-ion batteries. The project is expected to create 290 jobs and become operational in 2023.

“Tennessee Gov. Bill Lee, local officials, and NOVONIX — which supplies and tests battery materials — announced June 22 that the company plans to invest $160 million to retrofit a former Alstom power generation plant in Chattanooga”scceu.org

• 1 source
• scceu.orgBattery Materials Supplier Investing $160 Million to Revamp Idle Tennessee Factory - Supply Chain Council of European Union | Scceu.orgJul 12, 2021

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