ANNOUNCEMENT: Nanotech Energy begins the construction of its first factory, which will open in 2023

-Nanotech Energy, creator of next-generation batteries, breaks ground on its first factory, due to open in 2023.

ANNOUNCEMENT: Nanotech Energy begins the construction of its first factory, which will open in 2023

-Nanotech Energy, creator of next-generation batteries, breaks ground on its first factory, due to open in 2023

Innovative tech company expands its Chico, California facility to further research graphene and graphene-powered, non-flammable lithium-ion battery solutions

CHICO, Calif, Nov. 11, 2022 /PRNewswire/ -- Nanotech Energy is pleased to announce the construction of its new 100Mwh facility at the Chico Technology Center in Chico, California.

Nanotech, a world leader in the field of graphene-based energy storage products and owner of 42 patents, is the only company in the world capable of producing cost-effective, non-flammable lithium-ion batteries. In addition to housing its current R&D center, this new factory will increase Nanotech's ability to bring much-needed and safe battery technology to market.

During a brief program at last week's groundbreaking ceremony, Chico Councilmembers Dale Bennett and Kasey Reynolds, Chico State University President Gayle Hutchinson, Congressman Doug LaMalfa and Assemblyman James Gallagher shared glowing comments about the expansion. . After construction is complete in 2023, Nanotech will create up to 130 new jobs in its first years of operation.

Chief Operating Officer Scott Laine said at the groundbreaking ceremony, "Battery companies around the world are racing to create this type of technology by 2030. We're poised to bring it to market now."

The current Nanotech Research and Development Center in Chico opened in 2016. They are also currently constructing a new 517-acre, multi-building, high-volume manufacturing facility in the Tahoe Reno Industrial Center.

Nanotech Energy is on a mission to bring transformative graphene-based energy storage products from the research lab to the mass market. Our single layer, very high surface area graphene material is already used in multiple applications such as non-flammable lithium-ion batteries, transparent conductive electrodes, conductive inks, printed electronics, conductive epoxy, antistatic coatings, and EMI (Electromagnetic Interference) shielding. ). Founded in 2014 by Dr. Jack Kavanaugh and leading UCLA scientists Dr. Richard Kaner and Dr. Maher El-Kady, Nanotech Energy is a private company backed by Multiverse Investment Fund, Fubon Financial Group and other strategic investors. . More information at https://nanotechenergy.com

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