Lyten plans $1B Lithium-Sulfur battery Gigafactory in Nevada
U.S-based Lyten announced plans to invest more than $1 billion to build the world’s first Lithium-Sulfur battery gigafactory. The facility will be located near Reno, Nevada, and will have the capability to produce up to 10 GWh of batteries annually at full scale. Phase 1 of the facility is scheduled to come online in 2027.
Lyten’s proprietary processes permanently sequester carbon from methane in the form of 3D Graphene and utilize the supermaterial to develop decarbonizing applications. Lyten has received more than $425 million in investment from companies including Stellantis, FedEx, Honeywell, Walbridge, the European Investment Fund, and the Luxembourg Future Fund.
Source: http://www.graphene-info.com/lyten-plans-1b-lithium-sulfur-battery-gigafactory-nevada
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