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Amprius gears up for new Colorado battery plant

Published 01/04/2024, 22:38
AMPX
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Amprius Technologies (NYSE: AMPX), a leader in battery production, has announced plans to initiate the design phase for a large-scale manufacturing facility in Brighton, Colorado. The decision comes on the heels of the successful market introduction of the company's SiCore battery line, which has garnered a positive market response and a growing demand pipeline.

The Colorado facility, once operational, is set to become the production hub for the SiCore batteries, reflecting the company's confidence in the product's market potential. Amprius also intends to manufacture its SiMaxx batteries at the same location, with the site's estimated footprint capable of supporting a total production capacity of three to five gigawatt-hours.

The construction timeline for the new plant remains contingent on the completion of the final design and the procurement of necessary funding. In the interim, Amprius will continue to leverage the substantial production capabilities of its toll manufacturing partner to meet the demand for SiCore batteries.

This strategic move signifies Amprius' commitment to scaling up its production capabilities and maintaining a competitive edge in the rapidly growing battery sector. The expansion into Colorado also underscores the company's dedication to meeting the increasing demand for high-performance batteries.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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