Bedrock Materials Expands Chicago, Illinois, R&D Operations
05/21/2024
The new R&D headquarters will be located at mHUB. Bedrock recently successfully closed $9 million in seed funding.
"The choice to come to Chicago was an easy one. There is arguably one active laboratory in America that has produced a successful automotive battery chemistry, and it's here" said Spencer Gore, CEO of Bedrock Materials, "Argonne National Laboratory wrote the book on modern sodium-ion technology. Today, pulling on the deep regional talent pool they have built, we are excited to perfect and scale it."
The project is being supported by an incentives package from the Illinois state government under the Reimagining Electric Vehicles in Illinois Act, contingent upon achieving specific job creation and capital investment targets.
"Bedrock's decision to locate its research and development headquarters in Chicago speaks to Illinois' growing reputation as an EV industry leader," noted DCEO Director Kristin Richards. "Bedrock's state-of-the-art technology will not only help bolster the state's economy, but it will also enhance our continued efforts towards building a clean energy future."
Bedrock Materials designs, engineers, and manufactures sodium-ion cathode materials based on earth abundant metals. The company tailors its materials to meet the needs of underserved applications in mobility markets, such as low-voltage, starter-lighting-ignition, micromobility propulsion, and industrial traction. Bedrock also helps battery makers take advantage of tax credits such as those found in the Inflation Reduction Act.
Project Announcements
Piramal Pharma Solutions Expands Lexington, Kentucky, Operations
10/04/2024
G&H Decoys Plans Corning, Arkansas, Headquarters-Manufacturing Operations
10/04/2024
Britain-Based Ultimate Defense Technologies Establishes Billings, Montana, Operations
10/04/2024
Google Plans Dorchester County, South Carolina, Data Center Operations
10/04/2024
Sirius Analysis Plans Virginia Beach, Virginia, Headquarters
10/04/2024
South Korea-Based ILJIN Plans Auburn, Alabama, Manufacturing Operations
10/04/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024