Forge Nano (FNGO), a Colorado-based battery manufacturer, is set to expand its Morrisville gigafactory following a $100 million investment from the U.S. Department of Energy.

Why Forge Nano’s Expansion Matters

Forge Nano’s expansion positions North Carolina as a key hub in the growing battery industry. Several other companies, including Toyota and Natron Energy, have also announced battery projects across the state.

Expansion Plans for Forge Nano

The company aims to increase its lithium-ion battery production from 1 GWh/year to 3 GWh/year. This expansion is supported by funding from the Bipartisan Infrastructure Law.

Employment Opportunities at Forge Nano

Forge Nano plans to employ over 280 full-time and 550 part-time workers at its expanded facility.

Background on Forge Nano’s Investments

Previously, Forge Nano disclosed plans to invest an additional $165 million in a new facility in Morrisville, aiming to hire approximately 200 people by 2027.

Incentives and Support

Forge Nano received around $3.2 million in incentives from the state, Wake County, and Morrisville to support their facility’s expansion.

Industry Implications

Forge Nano’s CEO, Paul Lichty, emphasized the importance of domestic battery production to enhance the U.S.’s competitive edge in the global energy transition.

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