With support from Samsung SDI, Forge Nano is planning to build a battery factory in Morrisville, North Carolina. The facility is expected to have an annual capacity of three gigawatt-hours and begin production in 2028. Samsung SDI will assist with construction and the launch of operations. The factory will produce both Samsung SDI and Forge Nano cell products.
As part of the agreement, there is also a conditional supply contract. According to the terms of this contract, Samsung SDI will purchase battery cells from the planned facility beginning in 2028, provided the stipulated conditions are met. Additionally, Forge Nano will act as an authorized distributor of Samsung SDI cells in the U.S. market.
Investment with DOE Funding
Forge Nano estimates the factory’s cost at between $300 and $330 million. Of this amount, $100 million will be covered by a grant from the U.S. Department of Energy (DOE). The facility is intended primarily to serve non-consumer automotive, industrial, and defense applications.
Samsung SDI is also working to incorporate Forge Nano’s Atomic Armor technology into future battery products. Forge Nano describes Atomic Armor as a nanoscale coating system based on atomic layer deposition technology.
