Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

e-STORAGE Plans Shelby County, Kentucky, Manufacturing Operations

11/30/2024
Shelbyville Battery Manufacturing, a subsidiary of Canada-based e-STORAGE, plans to establish operations in Shelby County, Kentucky. The approximately $712 million project is expected to create 1,572 jobs.

The new 1 million-square-foot 6-gigawatt hour battery cell, module and packaging manufacturing facility, located at the I-64 Logistics Center, will deliver energy storage units to utility companies and project developers. Production is scheduled to begin by the end of 2025.

“We are proud to be a part of the growing energy technology transformation across the U.S., and we are thrilled to announce our investment in a new, state-of-the-art industrial battery cell, module and packaging plant in Shelbyville, Kentucky that will employ over 1,500 Kentuckians,” said Colin Parkin, president of e-Storage. “This new plant will allow us to provide our U.S. customers with cutting-edge, American-made battery energy storage products.”

To support the project the Kentucky Economic Development Finance Authority preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $35 million in tax incentives based on the company’s investment of $711.9 million and annual targets of creation and maintenance of 1,572 Kentucky-resident, full-time jobs across 15 years; and payment of an average hourly wage of $25.34 including benefits across those jobs.

“I want to thank Shelbyville Battery Manufacturing for their investment in Kentucky and the Shelbyville community,” noted Governor Andy Beshear. “This is the single largest investment and job creation announcement we have on record for Shelby County, and it is the largest project Kentucky has seen this year. This project will solidify our role as a leader in the country’s energy storage sector and will transform our economy, creating opportunities for Kentucky families for generations.” Additionally, KEDFA approved the company for up to $5 million in tax incentives through the Kentucky Enterprise Initiative Act. KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

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.

“Shelby County Industrial & Development Foundation is proud and excited to welcome Shelbyville Battery Manufacturing to our community, becoming our largest industrial employer ever! Shelbyville Battery Manufacturing has unquestionably established Shelby County, along with our 84 other industries, as a national commerce center at the crossroads of America,” added Shelby County Industrial and Development Foundation President and CEO Ray Leathers.

e-STORAGE, a subsidiary of Canadian Solar, specializes in the design, manufacturing, and integration of battery energy storage systems for utility-scale applications. The company offers its own proprietary LFP battery SolBank.

Exclusive Research