EnPower Inc., a lithium-ion battery maker based in Phoenix, will relocate to, according to a report.
The company is moving into a building previously occupied by EnerDel Inc. on the northeast side of the city and intends to create over 100 jobs by the closing of the year.
Chief Executive Director Annette Finsterbusch said the move is part of a strategy to increaseof batteries in the United States.
Finsterbusch told Inside INdiana Business that EnPower is filling a growing need.
“As we turned the corner in 2021, we really realized that our industry had taken on this incredible inflection point and the batterymarket was taking all of the batteries out of the system,” said Finsterbusch.
“So, many of the. of power tools and, for example, vertical takeoff and lift vehicles, they were basically left with nothing…and so, we realized that there was an opportunity for . and we have a technology which is ready to go to market.”
EnPower has purchased the pouch cellline of EnerDel in the area and plans to upgrade the 100,000-square-foot facility with new equipment, automation, along with additional assembly lines.
The company claims to be able to manufacture as much as 800-megawatt hours of lithium-ion batteries annually.
EnPower’s Chief Executive Director said that the company is moving equipment from Phoenix to. The company is planning to start making batteries in May.
This story originally appeared on Inside INdiana Business.