EnerSys 8K

EnerSys refined its plans for a Greenville, South Carolina lithium cell plant into a defense‑focused, FEOC‑compliant U.S. facility backed by a revised DOE grant and significant state incentives, while ending its technology partnership with Verkor and targeting construction start in fiscal 2028.

EnerSys announced an updated strategy for its planned U.S. lithium cell manufacturing facility in Greenville, South Carolina, refocusing the plant on defense, aerospace, and specialized industrial applications requiring a secure, foreign entity of concern (FEOC)‑compliant U.S.-based supply chain, supported by a revised approximately $150 million grant from the U.S. Department of Energy and an estimated total net investment of about $500 million. The company intends to use federal, state, and local incentives, including a previously awarded $200 million package from South Carolina and Greenville County, along with operating cash flow, to fund the project, which has been formally approved by the EnerSys Board of Directors and is expected to have an initial capacity of roughly 1 GWh. As part of the refined, defense‑focused scope, EnerSys plans to end its technology relationship with Verkor and instead leverage an existing aerospace and defense technology partnership, with construction anticipated to begin in the first half of fiscal 2028 and full production expected about three years after construction commences.

Filing Facts

CIK

1289308

Ticker

-

Form

8K

Source Type

sec

Accession

0001289308-26-000014

Alert Tier

6