Company/Division name | Lyten |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 1000 |
Year reshoring announced: | 2024 |
Year reshoring implemented or to be implemented: | 2027 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 1000 |
City reshored to: | Reno |
State(s) reshored to: | NV |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lithium-sulfur batteries |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies, Skilled workforce availability/training |
Government Incentive dollar amount: | $4 million from D0E, $1.5 billion IRA tax credit |