3.5 GW capacity US plant to make ultra-thin lithium films for domestic battery production

Elevated Materials received $50 million from the US Department of Energy for a plant producing ultra-thin lithium films with about 3.5 GW annual capacity. Total project cost is $100 million; site and timeline undisclosed.

• Plant capacity about 3.5 GW per year
• DOE covers half of $100 million cost
• In a year, company shipped over 250,000 m of film to 30+ clients
• Seven companies will share $500 million under program