1. New York Based Consortium to Invest $130 Million in Lithium-ion Giga-Factory

    New York Based Consortium to Invest $130 Million in Lithium-ion Giga-Factory

    Imperium3 New York, a new consortium of battery tech firms, will be investing over $130 million over the next five years to help the wide commercialisation and cost reduction of lithium-ion batteries. The announcement came from a press release from New York Governor’s office. The consortium will establish new Research & Development (R&D) operations at the Hurron Campus in Endicott, New York and aims at manufacturing 3GW of batteries by Q4 of 2019; a number to reach 15GW within five years.

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