• Nanotech Energy, a developer of graphene-based batteries, has announced the construction of a new 517-acre battery manufacturing plant in the Tahoe Reno Industrial Center, Nevada, US. 

• The 1,000,000+ square-feet plant will initially produce 2.5 gigawatt hours of batteries and is expected to scale up to 15 gigawatt hours over the years. The factory will also produce other graphene-powered products, including electromagnetic interference (EMI) shielding, transparent conducting electrodes, conductive inks, conductive adhesives, and silver nanowires.

• The initial phase of the factory is expected to open in Q4 2022, and it is currently taking battery pre-orders. Production is planned to start in 2023, with a full ramp-up supposed to be commencing in 2024. 

<ul><li> Analyst QuickTake : Nanotech had raised USD 64 million in a Series D funding round led by Fubon Financial Holdings (a Taiwanese financial services business) in August 2021. The funds are likely to have been used to deploy the new 517-acre battery plant.</ul>