US-based lithium-sulfur battery producer Lyten plans to invest over $1 billion to build the world’s first lithium-sulfur battery gigafactory in Nevada, the company announced on Tuesday.
The facility is set to produce up to 10 gigawatts of lithium-sulfur batteries annually once fully operational with the first phase scheduled to come online in 2027.
The 1.25 million square foot facility, located on a 125-acre campus in Reno, Nevada, will employ 200 people initially, growing to more than 1,000 at full capacity.
Lyten’s lithium-sulfur batteries feature high energy density, enabling up to 40% lighter weight than lithium-ion and 60% lighter weight than lithium iron phosphate batteries.
These batteries are planned to enter the micro-mobility, space, drone, and defense markets in 2024 and 2025.
The Nevada gigafactory is a part of Lyten’s strategy to meet growing demand with a pipeline of hundreds of potential customers.
‘Lithium-sulfur is a leap in battery technology, delivering a high energy density, lightweight battery built with abundantly available local materials and 100% US manufacturing,’ said Dan Cook, Lyten co-founder and CEO.
The company is in the process of bringing to market advanced lithium-sulfur batteries for use in the transportation, aerospace, space, consumer electronics, and energy storage sectors, advanced high-strength, low environmental impact composites, and advanced sensors that significantly enhance detection sensitivity and selectivity for use in environmental, automotive, industrial, health, and supply chain applications.
