EnerVenue, which builds metal-hydrogen batteries for stationary energy storage applications for utility-scale, commercial and residential use, will establish operations in Shelby County, Kentucky. The $264 million project is expected to create 450 jobs.

For the initial phase of the project the company will construct a new 1 million-square-foot manufacturing facility on a 73-acre site for its Energy Storage Vessels.

“As customer interest in EnerVenue’s storage technology soars, we’re excited to significantly scale battery production with our new state-of-the-art gigafactory in Shelby County,” said Jorg Heinemann, CEO at EnerVenue. “Following a nationwide vetting process, Kentucky emerged as the ideal fit to build our new facility. The state and county governments were committed to bringing manufacturing and clean energy jobs to the region, and we look forward to working with them as we build out operations.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $10.3 million in tax incentives based on the company’s investment of $264 million and annual targets of: creation and maintenance of 450 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage and benefits that meet specified targets.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

“Our skilled workforce and communities working together to foster continued growth have made the economic momentum the commonwealth is experiencing possible. For a company like EnerVenue to come in, invest and create jobs in Shelby County is an exciting next step for our manufacturing and energy storage sectors,” noted Governor Andy Beshear. “I want to thank the company’s leadership and the Shelby County community for making this project possible, and I look forward to the company’s success in Kentucky.”

In addition, EnerVenue can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“EnerVenue has to be the largest employer to ever enter Shelby County, and the largest building at 1 million-square-feet. It’s historic,” added President/CEO of Shelby County Industrial and Development Foundation Ray Leathers.

Founded in 2020, EnerVenue builds simple, safe and cost-efficient energy storage products. Based on technology proven by NASA over decades under the most extreme conditions, EnerVenue batteries, called Energy Storage Vessels, are refined and scaled for commercial and utility applications.