iM3NY Lithium-ion Battery Plant
Magnis' subsidiary, Imperium3 New York Inc. (iM3NY), via its majority shareholding of approximately 60%, operates a world class Lithium-ion Battery plant in Endicott, New York. iM3NY is fully funded to begin commercial production and scale up to 1.8GWh, commencing in 1H 2022, with several binding offtakes already secured.
Key highlights of the iM3NY project:
- Aggressive future plans to scale up to 38GWh of annual production by 2030.
- North America’s largest home-grown factory in the global Li-ion battery cell manufacturing market.
- Only non-China supply chain capable of meeting both domestic and global demand.
Magnis' subsidiary, Imperium3 New York Inc. (iM3NY), via its majority shareholding of approximately 60%, operates a world class Lithium-ion Battery plant in Endicott, New York. iM3NY is fully funded to begin commercial production and scale up to 1.8GWh, commencing in 1H 2022, with several binding offtakes already secured.
iM3NY battery cells utilising C4V’s technology, have been independently verified by world renowned agency Abt Associates and the New York State Energy Research and Development Authority (NYSERDA). NYSERDA’s special life cycle analysis (LCA) report inferred that iM3NY batteries contain at least 87% less dirty energy per kilowatt hour versus comparable batteries making them one of the greenest batteries in the world.
iM3NY battery cell technology provides enhanced safety and performance at the forefront of advanced chemistry over other commercially available Li-ion battery chemistries.
For more information, please visit iM3NY