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Battery Maker to Start Work on $1.2B Tucson Factory
American Battery Factory has started work on a two million-square-foot gigafactory in Tucson. The site will provide an estimated 1,000 jobs, $1.2 billion in capital investment and $3.1 billion in economic impact to Arizona. The company hopes to utilize the region’s high-capacity border and transportation infrastructure to ship battery cells nationwide and globally.
It will be located on 267 acres in Pima County’s Aerospace Research Campus. Utilizing rapid modular construction by Sprung Instant Structures, the company plans to have the headquarters, R&D center and initial factory module built by 2025.
American Battery says it is an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States.
The global market for lithium batteries is expected to reach $105 billion by 2025 with the demand set to increase 10 times over the next decade. ABF’s battery cells are made with lithium iron phosphate chemistry, said to be the safest, longest-lasting, most reliable and environmentally friendly batteries currently available.
- ◦Development