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

Bedrock Materials Expands Chicago, Illinois, R&D Operations

05/21/2024
Bedrock Materials, a battery technology startup launched out of Stanford University, plans to expand its research and development operations in Chicago, Illinois. The $2.5 million project is expected to create 25 jobs.

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.

Exclusive Research