# 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.

- Type: New facility
- Announced: 2021-06-22
- Where: Chattanooga, Tennessee, United States
- Value: $160.0M
- Jobs: 290
- Starts operating: 2023
- Status: announced
- Capacity: 8,000 metric tonnes per year of anode material
- Products: anode material for lithium-ion batteries
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [NOVONIX](https://endata.com/companies/55965.md)

## Sources

- [scceu.org](https://scceu.org/battery-materials-supplier-investing-160-million-to-revamp-idle-tennessee-factory/), 2021-07-12: "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"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.