Nanotech Energy Expands Storey County, Nevada, Operations
12/08/2021
The company plans to develop the 517-acre campus in the Tahoe Reno Industrial Center to include multiple buildings and a combined footprint in excess of one million square feet, in support of the company’s exponential U.S. and international expansion. The first building is slated to open in Q4 2022.
“Nanotech Energy’s proprietary, graphene-based, nanotechnology overcomes the safety, limited storage capacity and recharge speed challenges of traditional lithium-ion batteries, and our new Northern Nevada facility will manufacture energy storage that will help power the world,” said Nanotech Energy Chairman, CEO and co-founder, Dr. Jack Kavanaugh. “Nanotech Energy is the first and only producer to break the 50% content barrier by reaching 98% monolayer graphene, the wonder material that powers our products. We’ve already developed groundbreaking energy storage using technology that has the high capacity of a battery and the power performance of supercapacitors in a single solution.”
Nanotech Energy recently announced $64 million Series D funding at a $550 million post-Series D valuation. The Series D funding led by Taiwan’s largest financial services company, Fubon Financial Holding Co, and brought the total amount of funding raised to date by Nanotech Energy to $94.9 million.
“The expansion of Nanotech Energy to Northern Nevada is a potential game-changer that aligns closely with our energy and economic development initiatives, bringing a significant number of high paying, engineering jobs to our community,” said Mike Kazmierski, President and CEO of EDAWN. “The future of generations to come depends on technological advances that harness renewable energy and implementation in products that have the potential to impact and benefit countless aspects of our lives. Nanotech Energy is leading this charge and I couldn’t be more excited to welcome them to Nevada. A special thanks to the Governor’s Office of Economic Development for supporting this project.”
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024