FREMONT, Calif. (Oct. 20, 2022) — Amprius Technologies, Inc. (“Amprius”) (NYSE: AMPX), a leader in ultra-high energy density lithium-ion batteries with its Silicon Nanowire Anode Platform, today announced that the company was awarded a $50 million cost sharing grant from the U.S. Department of Energy (“DOE”)’s Office of Manufacturing and Energy Supply Chains (“MESC”). Amprius is among the first set of companies to receive funding from President Biden’s Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles and the electrical grid, whose focus is on U.S.-based processing of materials and components.
“Being among the first companies to receive a cost sharing grant from President Biden’s Bipartisan Infrastructure Law reflects the significant work Amprius is doing to advance the lithium-ion battery industry here in the U.S.,” said Dr. Kang Sun, Chief Executive Officer of Amprius. “Our innovative technology was conceived at Stanford, designed and commercialized in the U.S., and now we are working to scale production capabilities to meet significant domestic demand and to accelerate the electrification of mobility with our ultra-high density silicon nanowire anode lithium-ion batteries.”
Amprius’ objective is to demonstrate the manufacturing of silicon nanowire anode technology at the component and cell level on multi-megawatt-hour (MWh)-scale manufacturing lines that are comparable to those used in multi-gigawatt-hour (GWh) factories. This demonstration is expected to bring to maturity Amprius’ manufacturing capabilities through the installation and operation of the first-of-its-kind large-scale production line for its ultra-high energy density batteries. This project is also expected to provide a bottom-up analysis of the cost factors of the demonstration line and product performance associated with the factory output. The tentative location for Amprius’ demonstration factory is expected to be in Texas, among potential sites that include Georgia.
Amprius’ current level of battery performance, based on pilot production, indicates that Amprius will be able to deliver battery cells using its proprietary anode technology that have a specific energy and energy density that approach 2X the performance of current commercially available graphite cells. Amprius’ commercially available batteries deliver up to 450 Wh/kg and 1,150 Wh/L, the industry’s highest known energy density cells available on the market today.
This federal cost sharing grant is one of a number of grants previously awarded to Amprius as the national agenda begins to shift more focus towards the electrification supply chain. This cost sharing grant is dependent on the successful negotiation of a final contract, and among the terms to be finalized are the portion of relevant costs that will be covered by the grant.
“This is truly a remarkable time for manufacturing in America, as President Biden’s Agenda and historic investments supercharge the private sector to ensure our clean energy future is American-made,” said U.S. Secretary of Energy Jennifer M. Granholm. “Producing advanced batteries and components here at home will accelerate the transition away from fossil fuels to meet the strong demand for electric vehicles, creating more good-paying jobs across the country.”