Forge Nano, Inc., a leading materials science company that enables peak performance products through atomic-level surface engineering, today announced plans to launch a lithium-ion battery manufacturing business called Forge Battery. The newly formed company intends to produce best-in-class high-energy and high-power lithium-ion battery cells for defense, aerospace and specialty electric vehicle markets at a newly constructed Gigafactory in Raleigh, North Carolina. Forge Battery plans to utilize a U.S-focused battery material supply chain to further bolster the domestic battery ecosystem and reduce reliance on foreign suppliers.
The company and outside investors plan for an initial investment of more than $165M in Morrisville, North Carolina to build the gigawatt hour-scale battery manufacturing facility. The Forge Battery facility expects to produce both 21700 and 18650 lithium-ion cells utilizing materials coated with Forge Nano’s Atomic Armor surface technology.
Forge Nano’s Atomic Armor will allow Forge Battery to produce first generation high-energy cells with an expected energy density of 300 Wh/kg with improved safety and extended lifetime that meet or beat performance of incumbent lithium-ion technologies. Because Atomic Armor can enhance the performance of existing and next-generation battery technologies, Forge Battery expects its cell technology to outperform current and future cell chemistries. Atomic Armor is also being used to improve production efficiency and drive down cell costs by removing electrolyte additives and reducing electrolyte consumption. The facility expects to begin production in 2026.
“Lithium-ion cells utilizing Forge Nano’s Atomic Armor technology have exceeded our customer’s expectations, and in turn, increased demand for the technology that outstrips the current manufacturing capabilities,” says Paul Lichty, CEO of Forge Nano. “We are extremely excited to launch Forge Battery in the Battery Belt, where we intend to produce batteries for the world’s most demanding applications, while showcasing the power of Forge Nano’s Atomic Armor coating equipment in a large-scale manufacturing environment.”