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MegadealsSubsidy Tracker Individual Entry
Company: Syrah Technologies LLC
Parent Company:
Subsidy Source: federal
State in Which Facility Is Located: Louisiana
Project Description: Syrahs Vidalia facility is a U.S.-based integrated milling, purification, coating, and surface treatment operation producing on-specification active anode material (AAM), using natural graphite from Balama graphite operation in Mozambique. Construction of a new 11,250 metric tons per annum (tpa) AAM facility is underway, with start of production scheduled for the third quarter of 2023. This project (Phase 3 ExpansionÂ) will expand the production capacity of the Vidalia AAM facility from 11,250tpa to at least 45,000tpa AAM. Upon start of production of the 11,250tpa facility, Syrahs Vidalia facility will be the only vertically integrated and large-scale natural graphite AAM producer outside China and the first large-scale natural graphite AAM producer in the USA. In 2026, U.S. based lithium-ion battery manufacturing capacity is forecast to be almost 600GWh, which is estimated to require over 500,000 tpa graphite-based AAM.
Year: 2022
Subsidy Value: $219,820,610
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: 101
Capital Investment: $224,996,240
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.
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