purchase of the factory equipment means there is no chance of the entire business being sold, which likely spells the end of the Alevo brand. The Imperium3 New York ( IM3NY ) consortium has purchased lithium - ion battery plant assets worth $ 200 m from beleaguered North Carolina firm Edison for $ 5 m , 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 $ 13.25 m in state funding for a 4 GWh - per - year facility , and Australian company , Energy Resources said although the new site was smaller , it would cost 4 % of the original investment , and be operational in 12 - 15 months .
The Imperium3 New York ( IM3NY ) consortium has purchased lithium - ion battery plant assets worth $ 200 m from beleaguered North Carolina firm Edison for $ 5 m , 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 $ 13.25 m in state funding for a 4 GWh - per - year facility , and Australian company , Energy Resources said although the new site was smaller , it would cost 4 % of the original investment , and be operational in 12 - 15 months .