Amprius Technologies, U.S. Energy Department Agree to End Cost-Shared Project
By Denny Jacob
Amprius Technologies on Friday said it and the U.S. Department
of Energy's Office of Manufacturing and Energy Supply Chains
mutually agreed to end their cost-shared demonstration project.
The manufacturer and distributor of batteries said its decision
to exit the program provides it with much more operational
flexibility in scale and other areas required to manufacture its
In March, Amprius said it would build a gigawatt-scale factory
in Colorado for its next-generation lithium-ion batteries, which
would've received $50 million in DOE funding.
Chief Executive Officer Kang Sun on Friday said the Colorado
production site still remains a priority. It is still expected to
be operational by 2025, the company said.
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(END) Dow Jones Newswires
June 02, 2023 16:38 ET (20:38 GMT)
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