CleanTechnica•about 1 month ago
Toyota Commissions New Battery Factory And Pledges $10 Billion Investment In US
Key Takeaway
Toyota's substantial investment in US battery manufacturing signals a strengthening domestic supply chain for energy storage, potentially lowering costs and increasing availability for developers and large power consumers.
AI Summary
- •Toyota has commissioned a new 30 GWh/year battery factory in North Carolina, its only facility outside Japan.
- •This factory is part of a larger $10 billion investment by Toyota in US manufacturing, likely influenced by federal incentives like the IRA.
- •The increased domestic battery production will enhance supply chain stability and potentially reduce costs for grid-scale energy storage projects and EV charging infrastructure developers.
- •This investment supports the broader electrification trend, impacting large power consumers and grid planning by increasing the availability of critical components.
Topics
financingiraoempolicystorage
Article Content
The Toyota battery factory in North Carolina is the only such facility outside of Japan and has a capacity of 30 GWh per year. The post Toyota Commissions New Battery Factory And Pledges $10 Billion Investment In US appeared first on CleanTechnica .