The human arsenal might be expansive beyond all limits, but it still doesn’t have anything more valuable than that tendency of ours to grow on a consistent basis. This tendency, in particular, has already fetched us some huge milestones, with technology appearing as a rather unique member of the stated group. The reason why technology’s credentials are so anomalous is based on its skill-set, which ushered us towards a reality that we couldn’t have imagined otherwise. Nevertheless, if we are to take up a closer, it will become clear how the whole runner was also very much inspired by the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, in turn, went on to scale up the human experience from every conceivable direction, but even after achieving such a monumental feat, technology will somehow continue bringing all the right goods to the table. The same has only turned more and more evident in recent times, and truth be told, a new development involving ABF should do a lot to make that trend bigger and better than ever before.
Arizona Governor Doug Ducey has officially announced that Tucson, Arizona. has been selected as the site for American Battery Factory’s first in a planned series of battery cell gigafactories. According to certain reports, ABF will invest a whopping $1.2 billion in the facility over the course of a decade, and once it is completed, it will supposedly be the “country’s largest gigafactory” for lithium-iron phosphate (LFP) battery cells. To give you some concrete figures, the facility is expected to boast a footprint of around 2 million square feet, and to sustain that size, it will also create more than 1,000 jobs within the area. These jobs are going to span across various different disciplines, such as operations, production, scientific and technology jobs including research and development, automation and robotics, executive and more. But that won’t be ABF’s only contribution to state’s welfare, as it will also hand Arizona an estimated total of $3.1 billion in overall economic impact.
“Arizona is proud to be home to American Battery Factory’s first U.S. facility and headquarters,” said Governor Ducey. “This transformational investment proves once again that Arizona is the premier destination for emerging technologies. The state-of-the-art factory will produce battery cells critical to our energy future right here in Tucson. My thanks to Paul Charles (President and CEO of ABF) and the entire team at American Battery Factory for choosing our state for its innovative facility.”
ABF’s intention to launch a full-fledged network of LFP factories, quite similarly to many other companies, stems from the new Inflation Reduction Act, which provides companies with billions in tax credits just to boost domestic production of stuff like batteries and electric vehicles. The law has already prompted several multinational giants, including Toyota, Honda, and more, to set up dedicated plants in the US, and given how this trend is evolving, only more of them are likely to hop on over the next few years.
“This investment represents a generational opportunity both for us as a company and for Tucson as a community as a means to truly make energy independence a reality for everyone,” said Paul Charles. “Batteries make shifting to an entirely green energy economy possible. With this first factory, we will secure a strategically positioned company headquarters while taking the critical first steps in making it possible to one day move the country and the entire world to 100% renewable power.”
As for their application, the batteries in focus here will have utility for both commercial and household segments.