With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage
Moxion Power to build Californian gigafactory
US energy storage technology Moxion Power is to build a 205,000 square foot gigafactory at Ford Point in Richmond, California to manufacture batteries for energy storage.
The facility - located next to Moxion’s existing factory at the Ford Point Assembly Plant, near the Rosie the Riveter/WWII Home Front National Park - will have more than 7GWh of annual battery manufacturing capacity.
Moxion said the gigafactory would create “hundreds of local manufacturing jobs”. The project is being developed at Terminal 3, an underutilized port terminal at The Port of Richmond, the third largest deepwater port by volume in the state. As production ramps up, Moxion projects its team to grow from 250 to over 1,000 employees, including hundreds of engineers and manufacturing professionals.