Lyten Lands $4M Grant to Boost Lithium-Sulfur Battery Production

URLhttps://www.manufacturing.net/energy/news/22885452
SourceManufacturing.net
Date Published01/30/2024

Additional Reshoring Information:

Company/Division name Lyten
Parent companyLyten
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):410
City reshored to:San Jose
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-sulfur batteries
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption
What domestic positive factors made reshoring more attractive?Geopolitical Risk, Government Incentives, Govt. Policy and subsidies, Higher productivity, Image/brand, Impact on domestic economy, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, DoE grant and IRA
Government Incentive dollar amount:$4mil Grant
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