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Imperium3 received a charge Wednesday, one it hopes will power the economy in the Village of Endicott and Greater Binghamton for years to come.
Imperium3 New York Inc. (iM3NY) announced it has reached a critical funding threshold that will allow the lithium-ion battery manufacturer to build out its first Gigafactory, with production expected in early 2022.
iM3NY has secured $85 million in funding, including a $50 million senior secured term loan from Riverstone Credit Partners and $35 million of equity funding. Magnis Energy Technologies invested $23.6 million in equity earlier this year. iM3NY also has $230 million of manufacturing assets in place, and the company said it is now “fully funded” with a capacity to generate over 1 gigawatt-hour of high-grade lithium-ion battery cells per year. The build-out of its first Gigafactory in the Huron Campus in Endicott, part of the former IBM campus, has already begun.
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New Delhi: Omega Seiki Pvt. Ltd., part of Anglian Omega Group of companies, today announced that it will be bringing advanced chemistry cells to India in association with New York based company C4V. C4V plans to become the first lithium-ion cell maker with solid state technology in India as a part of PM Modi’s ambitious Rs 18,000 crore PLI scheme.
The Memorandum of Understanding signed between the two companies will also see the manufacturing of solid-state batteries first time in India which will be find a usage in Omega Seiki’s range of electric vehicles. The solid-state batteries offer high energy density without compromising on affordability.
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April 1, 2021
A collaboration led by the U.S. Department of Energy’s (DOE) Brookhaven National Laboratory, partnering with DOE’s Argonne National Laboratory and New York-based manufacturers C4V and Primet, has been awarded $1.7 million dollars in federal funding to conduct a $4.05 million project to scale up the processing technologies for the manufacturing of manganese-nickel-cobalt (MNC)-based cathodes for lithium-ion batteries (LIBs). The partnership was formally developed through the use of a multi-party Cooperative Research and Development Agreement (CRADA) coordinated by BNL’s Strategic Partnership Programs office.
This effort is an extension of the established partnership between national laboratories and leading manufacturing companies in NY State. It is one of 13 projects that have been selected to receive a total of $15 million in funds for battery manufacturing research from the Advanced Manufacturing Office (AMO) and Vehicle Technologies Office within DO