Mass. company to construct EV battery plant in Bridgeport, with help of $47.5M federal grant

Hartford Business Journal: Mass. company to construct EV battery plant in Bridgeport, with help of $47.5M federal grant (December 4, 2023)

A Massachusetts-based company that manufacturers electric vehicle batteries is planning to build a factory in Bridgeport, with the help of $47.5 million in Bipartisan Infrastructure Law funding from the U.S. Department of Energy.

Nanoramic Laboratories plans to create 200 permanent jobs at the plant for the manufacturing of lithium iron phosphate battery electrodes for grid storage.

Nanoramic produces high-performing, low-cost batteries that decrease the cost of batteries by up to 27%, while implementing sustainable initiatives to conserve and reduce energy consumption, according to an announcement from Mayor Joe Ganim’s office.

“I welcome Nanoramic Laboratories to the city of Bridgeport and I’m grateful that our city was chosen to be the home of such innovative technology that will not only produce jobs but will work in partnership with the sustainability initiatives we already have in place,” Ganim said.

Nanoramic Laboratories is owned by FastCap Ultracapacitors, based in Wakefield, Massachusetts.

On Friday, Gov. Ned Lamont, other state officials and John Cooley, founder and chief products officer for Nanoramic Laboratories, announced the project at the University of Bridgeport’s Harrison Steans Advanced Manufacturing Center.

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