Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in Xanthi, northern Greece, following a €25 million, 10-year loan from the European Investment Bank (EIB) which was confirmed earlier in Athens today.
Image: SUNLIGHT. A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million in grant funding.
SAN JOSE, Calif., and RENO, Nev., Oct. 15, 2024 – (BUSINESS WIRE) – Lyten, the supermaterial applications company and global leader in Lithium-Sulfur batteries, today announced plans to invest more than $1 billion to build the world’s first Lithium-Sulfur battery gigafactory.
Supermaterials trailblazer Lyten will invest over $1 billion to build the world’s first lithium-sulfur battery gigafactory in Reno, Nevada. The new factory will be capable of producing up to 10 gigawatt-hours (GWh) of batteries annually once it’s fully online. Phase 1 (rendering pictured above) is set to go live in 2027.
Lyten’s factory will manufacture cathode active materials (CAM) and lithium metal anodes and complete assembly of lithium-sulfur battery cells in both cylindrical and pouch formats. Lyten has been manufacturing CAM and lithium metal anodes and assembling batteries at its semi-automated pilot facility in San Jose, Calif., since May 2023.
Phase 1 of the facility is scheduled to come online in 2027. Lyten’s factory will manufacture cathode active materials (CAM) and lithium metal anodes and complete assembly of lithium-sulfur battery cells in both cylindrical and pouch formats.