Kontrolmatik Technologies, via its subsidiary Pomega Energy Storage Technologies, intends to build a lithium-ion battery factory in Colleton County, South Carolina. The 500,000-sq-ft facility will have an initial production capacity of 3 GWh and produce LFP cells for grid-scale energy storage applications. Production is expected to begin in 2024.
Pomega Energy Storage Technologies, founded as a subsidiary of Turkish company Kontrolmatik Technologies in 2022, is a manufacturer and integrator of battery energy storage systems. In addition to manufacturing the battery cells at the factory in South Carolina, Pomega will also manufacture and assemble turnkey ESS, including the modules, cabinets and other elements that are included in the final containerized solutions. Pomega’s ESS can be collocated with renewable energy installations or can be designed as a standalone system.
“We are very excited to locate our flagship factory in South Carolina, and we appreciate the warm welcome we have received everywhere we’ve gone throughout the state,” said Bahadir Yetki, CEO of Kontrolmatik and Pomega. “South Carolina was very clear in expressing their commitment to attracting top global technology and manufacturing companies to their state, and we are convinced that we will accomplish great things with the state’s support.”
Pomega’s $279 million investment will create approximately 575 new jobs in South Carolina.
“We are elated that Kontrolmatik Technologies has selected Colleton County to locate its first U.S. based lithium-ion battery factory. A project this size will have a huge impact on our community and our local economy,” said Colleton County Council Chairman Steve Murdaugh. “The jobs created by this project will improve the quality of life for our citizens and will attract new residents to our community.”
News item from Kontrolmatik
On the tariff front, it seems China has a tariff on lithium ion batteries that are (primary) batteries, but not the (LFP) secondary batteries. This hints that CATL, BYD, EVE, SVolt, GOTION can supply about 75% of the Worlds demand for (LFP) and undercut companies like Pomega in overall costs. It is not clear where Pomega would get the supply chain materials for the ESS units. These may also come from China without tariffs, but could still be non competitive with the current battery manufacturing plants like BYD and CATL offering ESS products also.
The “good news” created buzz by the passing of the IRA may fade to failure when the money runs out and the U.S. manufacturers find they still can’t compete with China.