Project Traits
State: Massachusetts
Congressional District: MA03
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Clean Power,
Energy Subsector: Solar,
Project Start Year: Unknown
Project Launch Year: Unknown
Government Support Received: Federal Tax Credit [Manufacturing Production Tax Credit (45X)] for Unknown Amount
Outcomes & Impacts
Private Investment: Unknown
Jobs Announced or Created: Unknown
People Served: Unknown
Projected Economic Impact: Unknown
Factorial Energy opened its battery manufacturing facility in Methuen, MA in 2023. Factorial invested $50 million and at full capacity, the facility will create 150 local jobs.
The 200 MWh factory will be the largest solid-state battery assembly line in the U.S.
Thanks to the Manufacturing Production Tax Credit (45X), Factorial will build its solid-state battery cells here in the U.S., bolstering the domestic supply chain for critical minerals and batteries.