Forge Battery Selected for $100M Award Negotiation with U.S. Department of Energy to Expand Production Capacity of North Carolina Lithium-Ion Battery Gigafactory

Raleigh, N.C. and DENVER, Sept. 20, 2024 (GLOBE NEWSWIRE) — Forge Battery, the commercial lithium-ion battery production subsidiary of Forge Nano, Inc., today announced it was selected for award negotiations of up to $100M in non-dilutive funding by the Department of Energy’s Office of Manufacturing and Energy Supply Chains (MESC) to expand its North Carolina lithium-ion battery gigafactory production capacity to 3 gigawatt hours per year (GWh/year).