Forge Battery, a subsidiary of Forge Nano focused on lithium-ion battery production, has received $100 million from the U.S. Department of Energy to increase production capacity at its North Carolina factory to 3 GWh per year.
The funds will enable Forge Battery to begin construction of the Morrisville Gigafactory expansion in early 2025. Ahead of this, the company plans to produce 21700-format cylindrical battery cells on a new manufacturing line at its Colorado facility before shifting production to the expanded North Carolina site.
See also: General Motors Invests $10 Million in Forge Nano to Boost EV Battery Technology
“Forge Battery is ready to power tomorrow’s most critical battery-powered innovations,” said Paul Lichty, CEO of Forge Nano. “The Department of Energy has been crucial to our future success, where we expect to showcase the United States’ competitiveness in lithium-ion cell performance, safety, and manufacturing.”
Founded in 2011, Forge Nano has attracted significant investments, including $10 million from Volkswagen in 2019 and an additional $10 million from General Motors in 2024. The company’s proprietary ‘Atomic Armor’ surface technology has been integrated into its 21700 cell products, with initial samples delivered in 2023.
See also: Forge Nano Begins Shipping High-Energy Prototype Battery Cells
The Morrisville Gigafactory expansion is part of Forge Battery’s broader strategy to enhance domestic lithium-ion battery production and meet growing demand for high-performance energy storage solutions.
