Project Traits

State: North Carolina

Congressional District: NC01

Organization Type: Commercial

Partner Organization(s) Type: None or Unknown

Energy Sector: Transportation, Energy Storage

Energy Subsector: EV Batteries,

Project Start Year: Unknown

Project Launch Year: Unknown

Government Support Received: State Grant [NC Funding Program Upgrading Qualifying Industrial Sites] for $30,000,000

Outcomes & Impacts

Private Investment: $1,400,000,000

Jobs Announced or Created: 1,000

People Served: Unknown

Projected Economic Impact: Unknown

Natron Energy said on Thursday it planned to invest $1.4 billion in a sodium-ion battery manufacturing plant in North Carolina, potentially raising the company's production capacity by 40 times. The facility, located in Edgecombe County of the state, will produce 24 gigawatts (GW) of battery storage at full capacity on an annual basis.

However, sodium-based batteries hold only about half as much energy per kilogram when compared with lithium-powered batteries. The company said North Carolina had agreed to provide up to $21.75 million in potential reimbursements, spread over 12 years. Natron also expects the county to apply for a $30 million grant from a new state funding program to help prepare or upgrade qualifying industrial sites.