Report: Anovion building $400 million plant in north Alabama

Company received grant to help manufacture electric-vehicle batteries

A new plant, reportedly planned for north Alabama, will develop materials used for lithium-ion batteries, which can be used for electric vehicles.

Anovion Battery Materials is receiving $117 million in grants to help manufacture electric-vehicle batteries, which reports say will happen at a new plant in north Alabama.

The New York-based company was among 20 companies awarded a total of more than $2.8 billion Wednesday by the Biden administration.

The Associated Press says the $117 million grant will be used with $300 million of the company’s funds to build a plant in north Alabama to process material for lithium-ion batteries, which are used in electric vehicles.

“We are thrilled to have been recognized as a nominee for the Infrastructure Grant opportunity,” Anovion CEO Eric Stopka said in a news release that did not specify a location for the plant. “This grant consideration will enable Anovion to expedite its ongoing investments in expansion to advance the company’s mission of growing a resilient, secure and sustainable North American lithium-ion battery supply chain.”

While not specifying a location, the release said Anovion plans “to build a new, large-scale manufacturing facility producing 35,000 tons per annum of synthetic graphite anode materials for lithium-ion batteries used in electric vehicles.”

- Sponsor -

“The U.S.-owned and operated, state-of-the-art manufacturing plant will be the first of its scale in North America, creating hundreds of high-quality clean energy jobs in communities preciously impacted by offshoring over the years,” Anovion said.

The latest Alabama business news delivered to your inbox