Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: NOVONIX Anode Materials LLC
Parent Company:
Subsidy Source: federal
State in Which Facility Is Located: Tennessee
Project Description: NOVONIX Anode Materials LLC (NAMÂ), a wholly-owned subsidiary of NOVONIX Limited, was formed in 2017. It has developed significant process technology and experience in producing lower carbon intensity, high performance, synthetic graphite targeting the electric vehicle and energy storage sectors. Currently, NAM is building its first mass production site in the United States, which will produce 10,000 metric tons per year of battery grade synthetic graphite. The project will build a new plant in Chattanooga to produce 30,000 metric tons per year of graphite targeted at the electric vehicle industry.
Year: 2022
Subsidy Value: $150,000,000
Program Name: Bipartisan Infrastructure Law: Battery Materials Processing and Battery Manufacturing & Recycling Funding
Awarding Agency: Department of Energy
Type of Subsidy: federal grant
Number of Jobs or Training Slots: 1,000
Capital Investment: $877,260,704
Source of Data:
(click here)
Notes: Year is year of award announcement. Subsidy value is federal portion of project cost. Jobs are new jobs to be created.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.