American Battery Factory (ABF), a new lithium-iron phosphate battery maker, has announced plans to develop gigafactories in the United States.
“We talk a lot about generating renewable energy as a society, but not about how to store it,” said Zhenfang “Jim” Ge, ABF Chairman of the Board. “Without batteries, moving to an entirely green energy economy is impossible. Each factory we build will create an estimated 300 to 1,000 quality jobs. As our network grows, we will help mitigate decades of U.S. manufacturing job losses resulting from the closure of nearly 66,000 U.S. manufacturing sites while eventually making it possible to move the country and the entire world to 100% renewable power.”
ABF’s goal of developing a domestic battery manufacturing ecosystem will be the key to making energy independence and renewable energy a reality for the United States while also creating domestic manufacturing jobs. Today, almost 80% of all LFP battery manufacturing takes place in China. And when combined with the worldwide pandemic-induced supply chain disruptions, the time has come for the United States to develop its own LFP battery supply network. U.S.-based LFP battery manufacturing will also play a crucial role in meeting federal and state government climate change initiatives and “Made-in-USA” national security requirements.
Several initiatives to meet the demand for “Made-in-the-USA” LFP battery cells are already underway. For example, ABF is in active dialogue with pack integrators, energy storage solution providers and other organizations to develop U.S.-based supply partnerships. Forthcoming agreements and the first ABF manufacturing site will be announced in the coming months. ABF continues to actively look for new factory sites across America. The LFP batteries will be used in energy storage systems, EVs and within the U.S. military and government.
“Our vision is to make it possible for all individuals, neighborhoods, companies, utilities, states and sovereign entities to store and deploy the energy source of their choice through battery storage,” said Paul Charles, President and Chief Executive Officer at ABF. “By manufacturing the safest and most eco-friendly batteries for a cleaner world, American Battery Factory is committed to making energy more independent and flexible based on the vast inventory of power being generated today.”
ABF will manufacture enhanced high-performance prismatic LFP battery cells designed to perform 10,000+ life cycles (full charge and discharge).
The co-founders of ABF are Mr. Charles along with the co-founders of Lion Energy, where they incubated ABF within Lion Energy by leveraging 10 years of extensive energy storage experience.
News item from ABF