Battery manufacturing facility in Beltsville getting millions in government grants

URLhttps://marylandmatters.org/2024/08/07/battery-man
SourceMaryland Matters
Date Published08/07/2024

Additional Reshoring Information:

Company/Division name ION Storage Systems
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):80
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):22.5
City reshored to:Beltsville
State(s) reshored to:MD
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredsolid-state batteries
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$22.5 million
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