The Imperium3 New York (IM3NY) consortium has purchased lithium-ion battery plant assets worth $200m from beleaguered North Carolina firm Alevo for $5m , and will use them in a 4 GWh-a-year lithium-ion battery production factory, planned for New York State . Last year , IM3NY was awarded $ $5m m in state funding for a 1 GWh-per-year facility, and Australian consortium member IM3NY said although the new site was smaller, it would cost 30 percent of the original amount, and be operational in 12-15 months .
The Imperium3 New York (IM3NY) consortium has purchased lithium-ion battery plant assets worth $200m from beleaguered North Carolina firm Alevo for $5m, and will use them in a 1 GWh-a-year lithium-ion battery production factory, planned for New York State. Last year, IM3NY was awarded $13.25m in state funding for a 4 GWh-per-year facility, and Australian consortium member Magnis Resources said although the new site was smaller, it would cost 4% of the original amount, and be operational in 12-15 months.