American Battery Factory (ABF), an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States, today broke ground in Tucson, Arizona on a two million square foot gigafactory. The site will provide an estimated 1,000 jobs, $1.2 billion in capital investment and $3.1 billion in economic impact to Arizona while accelerating the growth of America’s clean energy economy by utilizing the region’s high-capacity border and transportation infrastructure to ship battery cells nationwide and globally.
The global market for lithium batteries is expected to reach $105 billion by 2025 with the demand set to increase 10 times over the next decade. ABF’s battery cells are made with lithium iron phosphate chemistry, meaning the production of the safest, longest-lasting, most reliable and environmentally friendly batteries currently available. With these cells, ABF plans to transform today’s single-source energy paradigm, opening the window for using software and technology to store an unlimited inventory of clean energy from sources such as solar and wind for use while also taking pressure off existing power grids.
“We are honored to implement our company’s mission of global energy independence in Arizona, a premier destination for emerging technologies,” said John Kem, president of American Battery Factory. “We are pleased to join this thriving region and look forward to enhancing Pima County’s growing economy by fostering innovation while attracting and retaining residents to Tucson.”
“Today’s groundbreaking represents a significant milestone for Arizona’s battery industry,” said Arizona Gov. Katie Hobbs, who participated in the event. “With this transformational investment, American Battery Factory advances Arizona’s clean energy industry and bolsters continued economic growth in Tucson and Pima County. I want to thank the entire team at American Battery Factory for their commitment to Arizona and all partners for their continued support to make this project possible.”