NOVONIX Finalizes Purchase and Sale Agreement for Enterprise South Land
NOVONIX has secured a definitive agreement to purchase a 182-acre parcel in Enterprise South Industrial Park, Chattanooga, Tennessee, for approximately US$5 million. The company plans to establish its second synthetic graphite facility with an initial production capacity of 31,500 tonnes per annum (tpa).
The new facility is expected to create 450-500 full-time jobs. Combined with its existing Riverside facility's 20,000 tpa capacity, NOVONIX's total production will exceed 50,000 tpa in Chattanooga. The company will receive roughly US$54 million in tax and other benefits over 15 years from local authorities.
The purchase completion is contingent upon satisfying conditions related to a US$754 million loan from the U.S. Department of Energy's Loan Programs Office. Additionally, NOVONIX has expanded its educational partnership with Lookout Valley Middle High School through the NOVONIX Institute of Advanced Battery Technology, supporting STEM education in battery technology.
NOVONIX ha finalizzato un accordo definitivo per l'acquisto di un terreno di 182 acri nel Enterprise South Industrial Park a Chattanooga, Tennessee, per circa 5 milioni di dollari USA. L'azienda intende realizzare il suo secondo stabilimento di grafite sintetica con una capacità produttiva iniziale di 31.500 tonnellate all'anno (tpa).
Il nuovo impianto dovrebbe creare tra 450 e 500 posti di lavoro a tempo pieno. Sommando la capacità di 20.000 tpa del sito esistente di Riverside, la produzione totale di NOVONIX a Chattanooga supererà le 50.000 tpa. L'azienda riceverà circa 54 milioni di dollari in incentivi fiscali e altri benefici dalle autorità locali per un periodo di 15 anni.
Il completamento dell'acquisto è soggetto al soddisfacimento delle condizioni relative a un prestito di 754 milioni di dollari statunitensi erogato dall'Ufficio dei Programmi di Prestito del Dipartimento dell'Energia degli Stati Uniti. Inoltre, NOVONIX ha ampliato la collaborazione educativa con la Lookout Valley Middle High School attraverso il NOVONIX Institute of Advanced Battery Technology, supportando l'educazione STEM nel campo della tecnologia delle batterie.
NOVONIX ha asegurado un acuerdo definitivo para la compra de un terreno de 182 acres en el Enterprise South Industrial Park, Chattanooga, Tennessee, por aproximadamente 5 millones de dólares estadounidenses. La compañía planea establecer su segunda instalación de grafito sintético con una capacidad de producción inicial de 31,500 toneladas por año (tpa).
Se espera que la nueva instalación genere entre 450 y 500 empleos a tiempo completo. Sumado a la capacidad de 20,000 tpa de su planta existente en Riverside, la producción total de NOVONIX en Chattanooga superará las 50,000 tpa. La empresa recibirá aproximadamente 54 millones de dólares en beneficios fiscales y otros incentivos por parte de las autoridades locales durante 15 años.
La finalización de la compra está condicionada al cumplimiento de requisitos relacionados con un préstamo de 754 millones de dólares otorgado por la Oficina de Programas de Préstamos del Departamento de Energía de EE. UU. Además, NOVONIX ha ampliado su alianza educativa con la Lookout Valley Middle High School a través del NOVONIX Institute of Advanced Battery Technology, apoyando la educación STEM en tecnología de baterías.
NOVONIX는 테네시주 채터누가에 위치한 Enterprise South Industrial Park의 182에이커 부지를 약 500만 달러에 구매하는 확정 계약을 체결했습니다. 회사는 연간 31,500톤(tpa)의 초기 생산 능력을 갖춘 두 번째 합성 흑연 공장을 설립할 계획입니다.
새 공장은 450~500명의 정규직 일자리를 창출할 것으로 예상됩니다. 기존의 Riverside 시설이 연간 20,000톤의 생산 능력을 갖추고 있어, NOVONIX의 채터누가 총 생산량은 50,000톤을 초과할 것입니다. 회사는 지역 당국으로부터 15년간 약 5,400만 달러의 세금 및 기타 혜택을 받게 됩니다.
구매 완료는 미국 에너지부 대출 프로그램 사무소(Loan Programs Office)의 7억 5,400만 달러 대출과 관련된 조건 충족에 달려 있습니다. 또한 NOVONIX는 Lookout Valley Middle High School과의 교육 협력을 NOVONIX Institute of Advanced Battery Technology를 통해 확장하여 배터리 기술 분야의 STEM 교육을 지원하고 있습니다.
NOVONIX a conclu un accord définitif pour l'achat d'un terrain de 182 acres dans le Enterprise South Industrial Park à Chattanooga, Tennessee, pour environ 5 millions de dollars américains. La société prévoit d'établir sa deuxième usine de graphite synthétique avec une capacité de production initiale de 31 500 tonnes par an (tpa).
La nouvelle installation devrait créer entre 450 et 500 emplois à temps plein. En ajoutant la capacité de 20 000 tpa de son site existant de Riverside, la production totale de NOVONIX à Chattanooga dépassera 50 000 tpa. L'entreprise bénéficiera d'environ 54 millions de dollars en avantages fiscaux et autres incitations de la part des autorités locales sur une période de 15 ans.
La finalisation de l'achat dépend de la satisfaction de conditions liées à un prêt de 754 millions de dollars accordé par le Loan Programs Office du Département de l'Énergie des États-Unis. De plus, NOVONIX a élargi son partenariat éducatif avec la Lookout Valley Middle High School via le NOVONIX Institute of Advanced Battery Technology, soutenant l'éducation STEM dans le domaine de la technologie des batteries.
NOVONIX hat eine endgültige Vereinbarung zum Kauf eines 182 Hektar großen Grundstücks im Enterprise South Industrial Park in Chattanooga, Tennessee, für etwa 5 Millionen US-Dollar abgeschlossen. Das Unternehmen plant, seine zweite synthetische Graphitfabrik mit einer anfänglichen Produktionskapazität von 31.500 Tonnen pro Jahr (tpa) zu errichten.
Die neue Anlage wird voraussichtlich 450 bis 500 Vollzeitstellen schaffen. Zusammen mit der bestehenden Anlage in Riverside mit einer Kapazität von 20.000 tpa wird die Gesamtproduktion von NOVONIX in Chattanooga über 50.000 tpa liegen. Das Unternehmen erhält von den örtlichen Behörden über 15 Jahre hinweg rund 54 Millionen US-Dollar an Steuer- und weiteren Vergünstigungen.
Der Abschluss des Kaufs ist an die Erfüllung von Bedingungen im Zusammenhang mit einem Darlehen in Höhe von 754 Millionen US-Dollar vom Loan Programs Office des US-Energieministeriums gebunden. Zudem hat NOVONIX seine Bildungskooperation mit der Lookout Valley Middle High School durch das NOVONIX Institute of Advanced Battery Technology erweitert und unterstützt damit die MINT-Ausbildung im Bereich Batterietechnologie.
- Secured 182-acre land parcel for second synthetic graphite facility in Chattanooga
- New facility will add 31,500 tonnes annual production capacity
- Total production capacity will exceed 50,000 tonnes per year across both facilities
- Will create 450-500 new full-time jobs
- Secured $54M in tax benefits over 15 years from local government
- Conditionally committed $754M loan from US Department of Energy
- Must meet specific conditions to receive tax benefits
- Land purchase contingent on satisfying DOE loan conditions
- $5M capital expenditure required for land acquisition
Insights
NOVONIX's land acquisition for second facility significantly expands production capacity with government backing, though contingent on $754M DOE loan approval.
NOVONIX has executed a definitive agreement to purchase a 182-acre parcel in Tennessee for
This expansion demonstrates considerable scaling momentum in NOVONIX's manufacturing footprint within the high-growth battery materials sector. The company is projected to create 450-500 full-time jobs, indicating substantial operational growth. Local government support is evident through approximately
The expansion is tied directly to a conditionally committed
The project demonstrates NOVONIX's integration with the local community through its expanded partnership with Lookout Valley Middle High School via the NOVONIX Institute of Advanced Battery Technology, creating educational pathways aligned with its manufacturing expansion.
CHATTANOOGA, Tenn., April 29, 2025 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, is pleased to announce the execution of a definitive agreement to purchase a 182-acre parcel in the Enterprise South Industrial Park in Chattanooga, Tennessee. This milestone follows the recent unanimous approvals from the City of Chattanooga, Hamilton County, and the Chattanooga Industrial Development Board, completing the necessary local government endorsements for the acquisition.
The land will be acquired for approximately US
Robert Long, Interim CEO and CFO of NOVONIX, stated, "We are thrilled to finalize the agreement for Enterprise South, marking a significant step in our expansion strategy. Our collaboration with the City of Chattanooga, Hamilton County, and the Chattanooga Industrial Development Board has been instrumental in reaching this point. We look forward to deepening our roots in the community and contributing to the region's economic growth."
As a part of its ongoing relationship and collaboration with the City of Chattanooga and Hamilton County, NOVONIX has expanded its partnership with Lookout Valley Middle High School through the NOVONIX Institute of Advanced Battery Technology. This initiative is part of Hamilton County Schools' Future Ready Institutes, providing students with career-focused learning opportunities in the battery industry and other STEM fields.
The Company is expected to receive approximately US
This announcement has been authorised for release by Admiral Robert J Natter, USN Ret., Chairman.
About NOVONIX
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our plans to purchase the Enterprise South property and build the new production facility, our anticipated production capacity at each of our Riverside and planned Enterprise South facilities, our efforts to finance this new production facility with a loan from the LPO, and the expected tax and other benefits from the City of Chattanooga and Hamilton County.
We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government funding and other support, our ability to satisfy the conditions precedent to our entering into definitive loan documents and to the U.S. Department of Energy’s funding the LPO loan and, if the loan is obtained, our ability to comply with the restrictions and obligations under the loan documents, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory and economic developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.
Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
FAQ
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