NanoGraf, a company developing silicon-anode technology for batteries, has opened a new 67,850 sq ft R&D facility in Chicago, expanding its footprint in the state by 400%.
Nanograph intends to use the new facility to expedite its supply of long-lasting batteries for US soldiers and also work toward commercialization.
Analyst QuickTake: In December 2023 , NanoGraf opened its first silicon oxide manufacturing facility in Chicago. The 17,000-sq-ft facility is set to have a production capacity of 35 tons per year, adequate for 24 million battery cells. The company has received a total of USD 45 million from contracts with the US Department of Defense over the past few years. This includes a USD 8 million contract to increase the supply of batteries to soldiers in December 2023 and a USD 15 million contract to develop cross-compatible batteries for soldiers in the field in January 2024, respectively.
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