Big Idea:

Forge Nano Inc, a leading materials science company, launched a new $165 million lithium-ion battery manufacturing business in Raleigh, NC called Forge Battery. The Gigafactory will produce Atomic Armor surface technology coated lithium-ion cells suitable for defense, aerospace and specialty EVs.

Why It Matters:

The new Gigafactory bolsters the U.S. battery supply chain and job market, reducing global reliance on foreign suppliers.

Key Details:

• Forge Battery aims to create hundreds of high-paying jobs in Wake County and be operational by 2026.
• The facility will manufacture lithium-ion cells, including both 21700 and 18650 variants, employing materials coated with Forge Nano's Atomic Armor surface technology.
• Atomic Armor contributes to improving production efficiency and lowering cell costs by eliminating electrolyte additives and reducing electrolyte consumption. 
• The first-generation high-energy cells boast an anticipated energy density of 300 Wh/kg. These cells provide enhanced safety and prolonged lifespan, surpassing or matching the performance of established lithium-ion technologies.
• Forge Battery’s cell technology will surpass the capabilities of existing and future cell chemistries.

“We are extremely excited to launch Forge Battery in the Battery Belt, where we intend to produce batteries for the world’s most demanding applications, while showcasing the power of Forge Nano’s Atomic Armor coating equipment in a large-scale manufacturing environment,” says Paul Lichty, CEO of Forge Nano.

What's Next:

Forge Battery is set to hold a groundbreaking event in early 2024, positioning Raleigh as a key hub in the emerging Battery Belt.

‍