Kentucky Governor recently announced that Envision AESC, a world-leading Japanese EV battery technology company, will have an investment of $2 billion in Bowling Green, Kentucky, to construct a 30 GWh gigafactory. The project, which can reach up to 40 GWh, will have enough batteries to power 300,000 EVs from various automakers each year.
2,000 New Job Opportunities
The project is expected to generate 2,000 new jobs in the state and establish the region as a national leader in battery manufacturing.
The CEO of Envision AESC Group, Shoichi Matsumoto, said:
“We are pleased to partner with Kentucky and Bowling Green as part of our next phase battery strategy to power next-generation EVs in the U.S. This major investment builds on our commitment to the U.S. market, supports the growth of the electrification supply chain, and secures high-value jobs for future generations in the region. This commitment takes us one step further toward our ambition to make high-performance, longer-range batteries for a diverse range of automotive manufacturers worldwide to support the EV transition.”
The energy density of the new-gen battery cells will be 30% higher than that of the latest generation.
Furthermore, the gigafactory will be driven by 100 % renewable electricity generated on-site and acquired from the Tennessee Valley Authority (TVA).
TVA President and CEO Jeff Lyash said:
“Thank you, Envision AESC, for bringing the world’s leading battery technology company to Bowling Green, Kentucky. Your company’s intention to lead the de-carbonization revolution through electric vehicle battery solutions seamlessly aligns with our goal to not only support but accelerate electrification for greener, cleaner communities. We welcome you to an area that is quickly becoming the destination of choice for electric vehicle manufacturing and a community we are privileged to serve.”
The plant, which will be approximately 3 million square feet in size, will be one of the largest economic projects in the state’s history.
