Amprius Technologies Inc (AMPX)

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Polis Administration Announces Amprius Technologies Inc. Chooses Brighton, Colorado for New Gigawatt-Scale Lithium-Ion Factory
MONDAY, MARCH 6, 2023

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Amprius is one of the first companies to receive funding from President Biden’s Bipartisan Infrastructure Law to expand domestic manufacturing of electric vehicle and electrical grid batteries, and makes high-energy lithium-ion batteries. Silicon can extend the range of batteries and reduce charging times, among other benefits, and the company has developed a patented silicon anode battery platform.

Amprius plans to invest $190 million, including the $50 million cost sharing grant from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains, to provide a potential capacity of up to 5 gigawatt hours (GWh).

Amprius also selected the Brighton, Colorado location because of its potential to streamline time-to-market and support effective customer fulfillment. The site’s size, its proximity to essential materials, the transportation structure and the electric power and structural layout are expected to help reduce build-out costs as well as logistical and operational costs. Additional acreage at the site also has the potential to enable future expansions for a total potential manufacturing capacity of 10 GWh.

The first phase of the expansion is expected to create 332 net new jobs at an average annual wage of $68,516, which is 104 percent of the average annual wage in Adams County. These will include management, engineering, business support personnel, technicians, operators, and maintenance positions.

“Colorado’s cleantech industry has an economic impact of $4.6 billion per year and employs over 62,000 Colorado workers. By choosing Colorado for expansion, Amprius will add to this increasingly important sector of employment and become a key player in Colorado’s commitment to adopt clean energy technologies,” said Eve Lieberman, Executive Director of OEDIT.

The Colorado Economic Development Commission approved up to $5,491,784 in performance-based Job Growth Incentive Tax Credits for Amprius, over an 8-year period. These incentives are contingent upon the company, referred to as Project Maverick throughout the OEDIT review process, meeting net new job creation and salary requirements.

In addition, the City of Brighton approved incentives with a total estimated value of $929,050, including a five-year property tax rebate of 100% and a 50% rebate on the city’s use tax collected on construction materials.

https://www.colorado.gov/governor/news/9681-polis-administration-announces-amprius-technologies-inc-chooses-brighton-colorado-new