Statevolt says it plans to build a $4 billion battery factory in Southern California near the Mexican border.
is reporting that Carlstrom is behind yet another battery company — Statevolt — which intends to build yet another 45 GWh battery factory in Southern California’s Imperial Valley. That’s enough to power around 650,000 electric cars.
The company says it is “conducting due diligence to determine the best location to build its plant,” which is expected to cost $4 billion and employ 2,500 people. The Imperial Valley is located close to the border with Mexico. Statevolt has signed an agreement with Controlled Thermal Resources to supplyto the factory. CTR expects to be able to produce around 34,000 tons of lithium carbonate equivalent per year by 2027. In addition, 140 MW of geothermal energy is also to be generated.
Carlstrom told the press this week, “The development of lithium ion batteries is crucial for the U.S. to meet its goals to transition to Net Zero. Today, we face a significant shortage in the amount of lithium that is required to meet the demand for electric vehicles. We are pioneering a new, hyper-local business model, which prioritizes sustainability and resilience in the supply chain to solve this issue.”global demand for lithium is expected to reach 383,000 metric tons by 2030.
CTR has constructed and managed geothermal operations in Imperial Valley for over 30 years and was selected for its regional experience and technical knowledge to optimize Statevolt’s sustainability initiatives, “We applaud Lars and his team for taking a proactive approach to ensure the company’s future lithium supply, while also consciously seeking out the cleanest lithium and power available for Statevolt’s first U.S. Gigafactory.
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